Data#3 profits down, outlook up

Data#3 has confirmed its FY2013 net profit after tax will be down on the previous 12 months, in the higher end of market expectations. 

The company said its annual profit would be around $12.1 million, after earlier predicting it would fall within the range of $11 million and $12.5 million. The company reported a proft of $13.7 million for the previous financial year.

Dividends for FY13 are expected to be in line with previous years.

Data#3 also faced a tough first half, reporting a 5 percent fall in net profit to $6.8 million. At the time, managing director John Grant attributed the fall in profit to the lack of certainty around the Queensland government’s stalled State of IT review.

However at the same time, the company also signed a $50 million deal in conjunction with Dimension Data to network and services to the Fiona Stanley Hospital in WA. 

CRN has requested an interview with John Grant. More to come.