Information technology services company, Data#3’s advice that it was expecting to deliver a net profit of $12.1 million in 2012-13 was consistent with its previous guidance of between $11 million and $12.5 million. While this will be down on the previous corresponding period, it is of no surprise and reflects the challenging industry conditions that have affected its peers in similar ways.

This news had little impact on the company’s share price, arguably because it had already fallen from a 12-month high of $1.42 at the start of the year to a recent low of $1.02. While it had recovered slightly in July, its trading range appeared to factor in the negative conditions, lower profit and an uncertain industry outlook.