Data#3 reports "best ever" result

Stan Beer
Thursday, 01 September 2005 08:09

IT Industry - Listed Tech

ICT services company, Data#3 Limited (ASX:DTL), has reported what the company says is its best ever result, with solid increases in revenues and earnings.

With a full year EBITDA of $6.244 million, net profit after tax of $3.912 million and earnings per share of 25.7 cents, chairman Richard Anderson commented that while the market for the company’s services had been strong, it remained very competitive. “This result demonstrates our ability to adapt to changes in the market to deliver sustainable profitability that provides the basis for attractive ongoing returns to shareholders. Our aim remains to continue to increase these returns over time,” he said.

Data#3, which has 520 staff, reported revenues of $197M – up 12%; EBITDA of $6.244 million – up 17%; NPAT of $3.912 million - up 15%; and basic earnings per share of 25.7 cents - up 13%.

Managing director John Grant indicated that results were strong across all areas of the business. “We have maintained our focus along six national areas of specialty, and are delighted with their development over the year. We intend to achieve a leadership position in all these areas by developing the expertise of our people to be second to none, by proactively engaging with our key partners to deliver creative, cost-effective solutions and by ensuring those solutions offer the best value for money to our customers. We believe this underpins the ability to deliver increasing returns to shareholders.”