Data#3 expects to report a record second half result

FY18 group NPBT estimate approximately $20.4 million
FY18 group NPAT estimate approximately $14.0 million

BRISBANE, Wednesday 18 July 2018: Australian business technology solutions leader Data#3 Limited (ASX: DTL) has advised that, subject to finalisation of the Discovery Technology Pty Ltd result (77.4% owned by Data#3), and the Data#3 group year-end audit, the consolidated net profit before tax (NPBT) for FY18 is estimated to be approximately $20.4 million (FY17 $22.4 million).

The estimated group FY18 result incorporates a record consolidated second half NPBT of approximately $16.4 million (PCP $14.3 million).

The consolidated FY18 net profit after tax (NPAT) excluding non-controlling interests is estimated to be approximately $14.0 million, a decrease of around 9% compared to FY17.

These pre-audit estimates for the full year represent solid performance in the core Data#3 business. Following the challenging first half, the core Data#3 business delivered a record second half result, ending the year ahead of FY17.

Business Aspect also had a strong second half, recovering its first half loss to end with an estimated full year result close to break even, but below FY17.

The current estimate of Discovery Technology’s second half NPBT (including non-controlling interests) is approximately $1.4 million below the PCP, producing a full year NPBT approximately $1.8 million below the FY17 profit of $1.4 million. This is due predominantly to a customer’s early termination of a 5-year supply contract. This action is currently subject to legal proceedings for debt and economic loss recovery, instituted by Discovery Technology.

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