Australia's Data#3 gains most in six months on positive FY forecast

Data#3

14/07/2022 02:03

** Shares of Data#3  DTL.AX  gain as much as 13.2% to
A$5.480, their biggest intraday pct rise in six months 
    **  IT services provider says it sees consolidated net
profit before tax for FY ending 30 June 2022 of about A$44
million ($29.63 million), up 19% from the prior year.
 urn:newsml:reuters.com:*:nFWN2YU2WW
    ** Says a spike in demand traditionally experienced in the
fourth quarter has resulted in an inflated product backorder at
year-end
    ** Co, however, warns that supply constraints for various
product sets are expected to continue in FY23 
    ** About 835,400 shares change hands, 4.3 times compared
with the 30-day average volume of 192,600 shares 
    ** Shares hit their highest since May 19
    ** Stock has fallen 17.7% this year, as of last close

    
($1 = 1.4848 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))