Thursday, 11 July 2019 11:00

Data#3 reports $26m before-tax profit for 2019

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ICT solutions provider Data3 has announced consolidated net profit before tax for the 2019 financial year is estimated to be approximately $26 million.

The Brisbane-based company says the results are subject to finalisation of its 77.1% owned Discovery Technology result.

Data #3 (ASX: DTL) also announced on Thursday that the consolidated FY19 net profit after tax — excluding non-controlling interests — is estimated to be approximately $18 million, an increase of about 28% compared to FY18, and approximately 17% ahead of the previous record FY17 result.

“This pre-audit estimate reflects a strong performance in a growing technology market,” Data#3 said.

The company’s audited full-year results and the final dividend will be announced on 21 August.

 


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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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