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SRG GLOBAL LIMITED — Board/Management Information 2011
Feb 23, 2011
65852_rns_2011-02-23_7215fda3-7464-4ae9-9558-17539d98cf6f.pdf
Board/Management Information
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ASX / MEDIA ANNOUNCEMENT 24 February 2011
FINANCE DIRECTOR STEPS DOWN
Construction services group Global Construction Services Limited ( ASX: GCS, “GCS Group” ) today announced that Finance Director David Kiggins is stepping down from the Board, effective 1 March.
Mr Kiggins will shortly take up another role with a public company.
GCS Managing Director Enzo Gullotti wished Mr Kiggins well for the future.
“I would like to thank David for his contribution as CFO over the past three years in what has been a period of strong, profitable growth for GCS,” he said.
“He is leaving the company in a very strong financial position, well positioned to take advantage of opportunities in our core markets and I wish him well in his new role.”
This week, GCS announced an 89% increase in interim net profit to $9.1 million on revenue 82% higher at $69.7 million.
GCS also reaffirmed full year guidance of net profit of more than $17 million for FY11.
-ENDS-
About GCS Group
GCS Group (ASX: GCS) is a diversified construction services company that supplies equipment to the construction and maintenance industries including hire and sales of scaffolding, formwork, material hoists, temporary accommodation, temporary fencing and general plant hire together with a range of related labour and design services.
GCS Group’s strategy for growth is to focus primarily on servicing the West Australian construction industry. In addition, the Company intends to explore opportunities in new markets, diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.
Further Information
Enzo Gullotti Managing Director 08 9479 7990
Or visit: http://www.gcs-group.com.au
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