The Data#3 Limited (ASX: DTL) share price is up 11% to $2.37 in Thursday trade following this morning's announcement that the company expects to report a record full-year result for FY19.
The information technology services and solutions provider has estimated consolidated FY19 net profit before tax to be approximately $26 million. This would be a 27% increase on the $20.4 million reported in FY18, and 16% higher than FY17 when the company reported net profit before tax of $22.4 million.
Data#3 also estimates consolidated FY19 net profit after tax excluding non-controlling interests to be around $18 million. This would be an increase of 28% over FY18, and 17% over the previous record result in FY17.
The profit numbers advised by Data#3 are still subject to the finalisation of the Discovery Technology Pty Ltd result (77.4% owned by Data#3) and the year-end audit. The audited full-year result and the announcement of the final dividend are scheduled to be released on 21 August.
The Data#3 share price hit a 52-week high of $2.55 today following the announcement before retreating. Other tech companies printing 52-week highs today include Mach7 Technologies Ltd (ASX: M7T) and Pro Medicus Ltd (ASX: PME).
