Data#3 expects strong first half profits

Improved local economic conditions have lifted ASX-listed Data#3's first half profit forecast by 50 percent compared to FY09/10.

In an announcement to the ASX, Data#3 managing director John Grant said its first half net profit before tax forecast "would most likely finish in the range of $10 million to $11 million, up approximately 50 to 60 percent on the previous corresponding period."

However, the forecast for November and December was subject to many variables, he said.

Last year, Data#3 reported a net profit before tax of $6.8 million.

Data#3 chairman Richard Anderson said while the global situation remained uncertain, domestic economic conditions were improving.

"We are seeing increased levels of investment by our customers but continued diligence on price and value. At the end of October performance is ahead of plan and the first half is expected to significantly ahead of the previous year," he said.