In Brief: Data#3 confirms revenue, profit rise

Double digit growth experienced across revenues, profits and EBITDA

Data#3 (ASX:DTL) has posted double digit revenue, after tax profit and EBITDA increases for the six months ending 31 December 2010.

In a statement to the ASX, the company confirmed earlier announcements that it had achieved a net profit after tax rise of 17 per cent to $4.7 million.

Revenues, influenced by the timing of major software licensing contracts, rose by 33 per cent to $306.7 million. EBITDA also increased by 16 per cent to $6.8 million.

“Once again we are delighted to extend the run of ‘best ever’ performances to seven years,” Data#3 chairman, Richard Anderson, said in a statement to the ASX. “The interim dividend of 23 cents per share is a 15 per cent increase on the previous corresponding period and, in an environment which remains challenging, again is indicative of the solid market positioning and the inherent resilience of our business. As national and global economic indicators improve we are doing all that we can to improve on the earnings result of the previous year,”

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