CWP cedar woods properties limited
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News: CWP Cedar Woods Properties Raises FY21 NPAT View To About $32 Mln

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    29/04/21
    11:25
    Post #: 52807781

    April 29 (Reuters) - Cedar Woods Properties Ltd (CWP) :

    • UPGRADED ITS FORECAST FY21 FULL YEAR NPAT TO APPROXIMATELY $32 MILLION
    • QTRLY PRESALES CONTRACTS $426 MILLION, UP 17%
    • ABOUT 10% OF PRESALES ARE EXPECTED TO SETTLE IN FY21 WITH BALANCE CONTRIBUTING TO EARNINGS IN FY22 AND FY23
    • ANTICIPATES MARKET CONDITIONS MAY SOFTEN SLIGHTLY IN SHORT TERM AS GOVERNMENT STIMULUS MEASURES END
    • ANTICIPATES INVESTOR SALES WILL INCREASE THROUGH REMAINDER OF 2021
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