Data#3 flags delivery delays due to global chip shortage
Data#3 flags delivery delays due to global chip shortage
Regardless, the company expects to see profit surge for the year.
Laurence Baynham (Data#3) Credit: Data#3
Publicly listed IT services provider Data#3 has told shareholders that around $3 million of potential profit has been tied up in back orders for product deliveries delayed by the ongoing global chip shortage.
The company told shareholders on 19 July that its unaudited consolidated net profit before tax for the 2021 financial year to be $36.8 million, an increase of 8 per cent on the prior year.
The profit increase comes despite a 2021 financial year impacted by product delivery delays in the second half of the financial year, the company said, related to the global computer chip shortage being experienced across the industry.
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