Data 3 profit jumps despite backlog; supply issues remain
Brisbane IT company Data 3 expected a first-half profit of close to $25 million, but its supply chain issues remain unresolved.
Jan 17, 2023, updated May 22, 2025
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The company said the result would be near the upper end of its profit guidance of between $21 million and $25 million.
It said it had experienced a gradual improvement in the supply chain, “however, the overall backlog has not changed materially due to an increased volume of business”.
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The profit expectation was significantly higher than last year’s result for the first half of $12.4 million.
Data 3 shares are trading at $6.71.
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