Ann: FORECAST: PGC: PGC expects to report NZD20m NPAT to June 30th 2014

• Release Date: 19/08/14 08:43
• Summary: FORECAST: PGC: PGC expects to report NZD20m NPAT to June 30th 2014
• Price Sensitive: No
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					PGC
19/08/2014 08:43
FORECAST

REL: 0843 HRS Pyne Gould Corporation Limited

FORECAST: PGC: PGC expects to report NZD20m NPAT to June 30th 2014

Tuesday 19th August 2014

PGC expects to report NZD20m NPAT to June 30th 2014

Pyne Gould Corporation ("PGC") today advises that it expects net profit after
tax (NPAT) to be approximately NZ$20m for the year to 30 June 2014. This
follows an audited NPAT of NZ$44.4m in the previous financial year.

The result is expected to underpin a 17% gain in NTA per share from 64 to 75
cents. This follows a 48% gain from 43 cents to 64 cents in the previous
financial year.

PGC experienced positive contributions from both operating profits and asset
sales. It has also fully expensed substantial legal and other professional
advisory costs relating to both restructuring and regulatory compliance.

Detailed preliminary financial results are to be released by 29 August 2014.

For more information, please contact:
David Lewis +64-21-976 119
End CA:00254030 For:PGC    Type:FORECAST   Time:2014-08-19 08:43:29