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IMPERIAL PACIFIC LIMITED — Capital/Financing Update 2017
Jul 10, 2017
65134_rns_2017-07-10_48e1a2b3-8418-4054-bda8-471a8abee96b.pdf
Capital/Financing Update
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Imperial Pacific Limited
ABN 65 000 144 561
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- ASX Announcement -
Market Update – 2017 Guidance
The Directors of Imperial Pacific Limited provide the following guidance to the results for the year to 30 June 2017.
According to unaudited accounts Imperial Pacific’s Net Worth increased 33% during the year:
| 2017 | 2016 | |
|---|---|---|
| ($ 000) | ($ 000) | |
| - Gains in Investments | 892 | 865 |
| - Income Account | (48) | (168) |
| - Dividend Paid | (145) | (145) |
| - New Capital | 132 | - |
| Net Gains during Year | 831 | 552 |
| ShareholdersEquity– 2016 | 2,518 | 1,966 |
| Shareholders Equity– 2017 | 3,349 | 2,518 |
| Increase | 33% | 28% |
| Net Assets per share | 108.5 cents | 86.6 cents |
| PortfolioValue– Year End | 2,754 | 1,892 |
| Shares on Issue | 3,087 | 2,907 |
The results were enhanced by the appreciating performance of 30% owned London City Equities Limited and by the sale of Imperial Pacific’s 1% shareholding in Tasmania Mines Limited during that company’s share buy back scheme.
Together with London City, the Imperial Pacific group continues to examine the Penrice Soda Holdings Limited matter and the role of associated parties. As both companies have stated in financial reports, there is insufficient information at this time to estimate future benefit that might arise from contemplated action.
For and on behalf of the Board
………………………………………… Peter EJ Murray Chairman of Directors
11 July 2017
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Level 4, 20 Loftus Street, Sydney NSW 2000 PO Box R1414, Royal Exchange NSW 1225 Tel: 02 9247 9315 asxannIPC11Jul17