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EXCELSIOR CAPITAL LTD — Capital/Financing Update 2008
Dec 23, 2008
64816_rns_2008-12-23_252683c8-01fe-49d0-b707-409337747413.pdf
Capital/Financing Update
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CMI Limited ABN 98 050 542 553 150 Robinson Road Geebung Qld 4034 Australia Postal address: PO Box 716 Virginia Qld 4014 Australia Telephone: (07) 3865 9969 Facsimile: (07) 3865 3677 Email: [email protected] Web: www.cmilimited.com.au
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24 December 2008
Australian Stock Exchange Limited Level 6, Riverside Centre 123 Eagle Street BRISBANE QLD 4000
Trading Update
CMI Limited (ASX:CMI) today announced that based on management accounts to November 2008 it is expecting a decline of approximately 19% to 32% in net profit before tax for the six months to 31 December 2008, compared to the corresponding period in 2007 for continuing operations.
This decline is due to the current economic conditions which have had a material adverse impact on the trading results across the electrical, TJM and finance divisions.
The management accounts to October show results broadly in line with last year’s continuing operations result. However, there has been a marked deterioration in operational results during November and it is anticipated a smaller but continuing decline will occur in December 2008.
The full interim results will be published on 27 February 2009.
Yours faithfully,
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Sharyn Williams Company Secretary