Date is in numerical format

[coldeskimo]

I have created the following:

="Data as at 5pm "&TODAY()

and it results with the following:

Data as at 5pm 43172

Have formatted the cell to date. Doesn't work.
Why is the date defaulting to its numerical value?

Thanks

 

[oldbrewer]

[TABLE="width: 579"]
<colgroup><col><col span="8"></colgroup><tbody>[TR]
[TD="colspan: 3"]Data as at 5pm 13/03/2018[/TD]
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[/TR]
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[/TR]
[TR]
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[TD="colspan: 5"]="Data as at 5pm "&TEXT(TODAY(),"dd/mm/yyyy")[/TD]
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[/TR]
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[/TR]
</tbody>[/TABLE]