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CTI LOGISTICS LIMITED Earnings Release 2011
64663_rns_2011-06-20_4fc499b3-225a-4cc1-90b4-5b6c76cfd043.pdf
Earnings Release
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ARN 69 008 778 925
1 Drummond Place West Perth WA 6005
Postal Address PO Box 400 West Perth Western Australia 6872
Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email [email protected] Web www.ctilogistics.com
21 June 2011
Company Announcements ASX
Via ASX online
CTI LOGISTICS LIMITED --- PROFIT ANNOUNCEMENT
The directors of CTI Logistics Limited advise that the net profit for the 2010-2011 financial year is expected to exceed the previous financial year's profit by $30 - 35\%$ .
Most of the profit increase for the current year was achieved in the first six months to 31 December 2010, as already reported. Profit for the second six months ending 30 June 2011 is still expected to exceed the profit for the previous corresponding period, but not significantly, because of
- development approval delays for the Hazelmere logistics complex, and
- delays in the ramp-up of some project-related work, which is expected to re-build momentum in the coming months.
Yours faithfully
DAVID A MELLOR COMPANY SECRETARY