Going up: Data#3 expecting 35%-45% profit increase
Data#3 is expecting net profit after tax for the 2015 financial year to be between $10 million to $11 million – a growth of between 35% to 45% on last financial year.
Last year saw net profit after tax of $7.5 million for the company.
Data#3, which earlier this week launched a dedicated security practice on the back of customer demand and increasing cloud and mobility services adoption, says the pre-audit estimate represents solid growth in its core business, together with contribution from acquisitions and investments made in the year.
Laurence Baynham, Data#3 chief executive, says the company is ‘delighted’ to see the continuing strengthening of its performance in what remains a highly competitive market.
He says a particularly strong fourth quarter has allowed the company to deliver ‘a very solid full year results’.
Richard Anderson, Data#3 chairman, says cashflow in the 2015 financial year remained 'very strong' further strengthening the company's balance sheet.