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SIMONDS GROUP LIMITED — Capital/Financing Update 2017
Apr 20, 2017
65795_rns_2017-04-20_ea45f7e9-1c73-499b-b5d5-de3b9221505d.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
UPDATE ON OPERATIONS
Melbourne, 21 April 2017: Simonds Group Ltd ( Simonds ) is pleased to provide an update in relation to its Q3FY17 operational performance.
Operations update
Simonds advises that site starts for Simonds Homes Australia for the nine months to 31 March 2017 total 1,824 and Builders Academy Australia has accepted 1,984 new course enrolments for this period.
| Key operational metrics | 9 months to | 12 months to |
|---|---|---|
| 31 Mar 2017 | 30 Jun 2016 | |
| Simonds Homes Australia | ||
| Site starts | 1,824 | 2,545 |
| Display homes open (as at 31 Mar ‘17) | 117 | 120 |
| Sales pipeline(1) | 2,502 | 2,405 |
| Builders Academy Australia | ||
| Course enrolments | 1,984 | 3,283 |
| Graduates | 1,626 | 3,306 |
| Discover Developments | ||
| Projects established | 3 | 4 |
| Forecast land lots | 79 | 292 |
- Sales pipeline include sites with a Contract Signed, Sale Accepted or Deposit Paid with a forecasted site start date of no greater than 18 months as at 31 March 2017.
Group debt update
As at 20 April 2017 debt drawn under the facility (net of cash) was $8.8 million, with facility headroom available being $22.3 million.
END.
For more information, please contact:
Media Investors Miche Paterson Matthew Chun Partner Managing Director and CEO Newgate Communications Simonds Group Ltd +61 400 353 762 +61 3 9682 0700 [email protected]