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The company said there would be a $550,000 increase in costs for each of the two data centres it plans to build.

Data Exchange shares crash 44% on market update

Data Exchange Network's share price has plunged, after it announced cost blowouts for the construction of two data centres and the resignation of its founder as chief executive.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/19

1 year TSR5 year TSR
thTikForce-94%-66%
122ndQuestus23%-3%
243rdConnected IO0%-24%
469thAustralian Agricultural Projects-33%9%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

134th-Data Exchange Network$2.0m
140th↓Connected IO$1.7m
141st↓Australian Agricultural Projects$1.7m
143rd↑TikForce$1.8m
144th↓Questus$1.6m
231 listed industrial companies ranked by revenue.
Source: Morningstar

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