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GALE PACIFIC LIMITED — Capital/Financing Update 2011
Dec 19, 2011
64963_rns_2011-12-19_60c478f7-f898-41e9-a33d-80b3fa29e897.pdf
Capital/Financing Update
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GALE PACIFIC LIMITED
(ASX: GAP)
ASX and Media Release
20 December 2011
• HY 2011 trading update
• Improved Half Year Performance
The Directors of Gale Pacific Limited ( GAP or the Company ) are pleased to advise that on the basis of the forecast preliminary results, the Company expects net profit after tax for the half year ended 31 December 2011 to be approximately $4 million, an 11% increase on the net profit after tax achieved for the previous corresponding period of $3.6 million.
It should be noted that the previous half-year NPAT of $3.6 million included a non-recurring $0.5 million tax benefit, and that once adjusted, the expected results for the 31 December 2011 half-year period are improved significantly on a like-for-like basis.
Profit before tax for the half-year ended 31 December 2011 is expected to be approximately $5.4 million, which is a 25% increase on the profit before tax achieved for the previous corresponding period.
Consistent with previous guidance, sales for the half year ended 31 December, 2011 are forecast to increase by approximately 20% over the prior corresponding period.
The results are preliminary in nature and are subject to the completion of the half-yearly period, finalisation by GAP and review by the Company’s external auditors.
GAP is scheduled to release its results for the half-year on or around 28 February 2012.
Peter McDonald Chief Executive Officer
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For further information please contact Mr Peter McDonald on (03) 9518 3312 or [email protected]
Gale Pacific Limited ACN. 082 263 778 145 Woodlands Drive, Braeside, Victoria 3195 Australia Telephone: (03) 9518 3333 facsimile: (03) 9518 3398 Toll Free: 1800 331 521 www.galepacific.com