Data#3 Ltd. Announces Executive Changes; Revises Earnings Guidance for the First Half of 2014; Provides Earnings Guidance for Full Year of Fiscal Year 2014
November 21, 2014 at 08:19 am IST
Data#3 Ltd. announced that an update was provided on the succession planning activities in preparation for John Grant completing his contract as Managing Director on December 31, 2015, and the appointment of Laurence Baynham as Chief Executive Officer. Laurence Baynham has served in various roles during his 20 years as a member of the Data#3 team and is currently Group General Manager, a position he has held for 10 years. Through to December 2015 John Grant will have responsibility for transitioning all current operational responsibilities and relationships to Laurence, helping and supporting him where required, completing certain strategic projects, and managing Data#3's acquisition interests.
The company revised earnings guidance for the first half and provides earnings guidance for full year of fiscal year 2014. The company expected that first half outlook indicated NPBT range of $4.5 million to $5.5 million, up from $3.7 million in the PCP. This projection underpins the full year guidance to improve on last year's pretax profit of $10.9 million.