CWP cedar woods properties limited
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News: CWP Cedar Woods Properties Announces Q1 Fy23 Operational Update

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    11/10/22
    19:50
    Post #: 64145068

    Oct 11 (Reuters) - Cedar Woods Properties Ltd (CWP) :

    • FIRST QUARTER FY23 OPERATIONAL UPDATE
    • Q1 PRESALES OF MORE THAN A$514 MILLION UP 12%
    • EARNINGS EXPECTED TO BE SKEWED TO H2 IN FY23
    • TARGETING GROWTH IN EARNINGS IN FY23
    • EXPECTS LIMITED NEW SUPPLY, LOW VACANCY RATES, INCREASING NET OVERSEAS MIGRATION TO UNDERPIN DEMAND, AMONG OTHERS IN FY24
    • ABOUT 65% OF PRESALES TO SETTLE IN FY23, WITH BALANCE CONTRIBUTING TO EARNINGS IN FY24 AND FY25
    • WELL PLACED FOR MEDIUM TERM WITH A PIPELINE OF OVER 10,300 UNDEVELOPED DWELLINGS/ LOTS/ OFFICES ACROSS 4 STATES
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