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DESANE GROUP HOLDINGS LIMITED — Earnings Release 2014
Jan 28, 2014
64769_rns_2014-01-28_381e13f6-6369-409e-9e70-ebd32c615603.pdf
Earnings Release
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ABN 61 003 184 932
ASX release
68-72 Lilyfield Road, Rozelle NSW 2039 PO Box 331, Leichhardt NSW 2040 T: +61 2 9555 9922 F: +61 2 9555 9944 www.desane.com.au ASX Code: DGH
29 January 2014
PROFIT GUIDANCE FOR THE SIX MONTHS ENDING 31 DECEMBER 2013
Desane Group Holdings Limited wishes to advise that subject to final audit review, it is expected to report a profit, before tax, in the range of $700,000 to $800,000 for the six months ended 31 December 2013. The anticipated profit result will be an increase in the range of 80% to 100% over the corresponding period.
The Directors are of the opinion that Desane’s property assets continue to perform well, in line with Directors’ expectations.
The key drivers for the 31 December 2013 half yearly period have been:
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Full occupancy of all properties owned and or managed by the Group;
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Professional and diligent cost management strategies;
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Medium to long term property funding in place at favourable interest rates;
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Minimal revaluation of Desane‐owned property during the reporting period.
Following the finalisation of the accounts, completion of the audit review and consideration by the Board of Directors, Desane expects to announce its half yearly result for the period ending 31 December 2013 by Thursday, 20 February 2014.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Phil Montrone John Bartholomew Managing Director & CEO Company Secretary Desane Group Holdings Limited Desane Group Holdings Limited (02) 9555 9922 (02) 9555 9922 [email protected] [email protected]
ABOUT DESANE:
Desane Group Holdings Limited is a significant Sydney based landlord. The areas we specialise in are property investment, property services and property management. Desane owns $47.3 million of properties and other assets and manages a further $25 million of industrial and commercial properties in the Sydney region.
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