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FINBAR GROUP LIMITED — Capital/Financing Update 2010
Jun 14, 2010
64943_rns_2010-06-14_a02b710a-1386-4869-8538-55b56d86859c.pdf
Capital/Financing Update
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FINBAR GROUP LIMITED ACN 009 113 473
Level 3 15 Labouchere Road SOUTH PERTH WA 6151
www.finbar.com.au ASX CODE: FRI
14 JUNE 2010
COMPANY ANNOUNCEMENT: FOR IMMEDIATE RELEASE
RE: FULL YEAR PROFIT GUIDANCE
We refer to our previous guidance provided to the market on 15 January 2010 and confirm that the company has continued to secure a consistent level of sales and achieve a high conversion rate in settlements for apartment stock in completed projects.
The additional revenue received from settlements for these completed units has supported earnings in the second half and as a result the Company is increasing its profit guidance to approximately $23 million after tax for the financial year to 30 June 2010.
Yours faithfully
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DARREN PATEMAN Executive Director / Company Secretary