Data#3 lifts 12% after H1 profit forecast

Company News

Data#3 Limited (ASX:DTL) has forecast solid growth in its first half and announced a succession plan for its Managing Director. 
 
The business technology solutions provider expects to deliver a net profit before tax of between $4.5 million to $5.5 million. 
 
The anticipated result is an improvement from the company’s interim net profit of $3.7 million delivered the year before. 
 
Data#3 has also appointed Laurence Baynham as its CEO as part of the succession plan for the Managing Director John Grant, whose contract will expire at the end of 2015.  
 
Shares in Data#3 lifted 12.21 per cent to close at $0.735 on Friday following the announcement.   

Data#3 reported a net profit of $7.52 million in the full 2014 financial year.