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Australian Information and Communications Technology company Data#3 Limited (ASX: DTL) today announced that it expects to report a net profit after tax for the 2013 financial year of up to AUD 12.5 million (USD 12.0 million), down from AUD 13.7 million (USD 13.01 million) in 2012.
Brisbane-based Data#3 provides technology solutions across Australia and Asia Pacific, covering areas such as workforce recruitment, managed services for outsourcing and software as a service. The firm’s People Solutions specialises in contractor and permanent recruitment, as well as human capital performance management.
In a message to shareholders on Monday, the firm said: “In what is traditionally the busiest period of the year, this current projection is subject to a number of factors including opportunities yet to be finalised, supplier delivery schedules and incentives, and year-end audit adjustments.”
Last year, Data#3 reported revenues of AUD 811 million (USD 775.8 million). The firm employs around 1,000 permanent and contracted employees.
Following today’s announcement, the company’s share price plummeted by -8% to AUD 1.05, a decrease of nearly -10% from a year ago. Based on this stock price, the firm has a market value of AUD 175.53 million (USD 167.9 million).