AWF
05/09/2014 09:10
FORECAST
REL: 0910 HRS AWF Group Limited
FORECAST: AWF: AWF Group targets being achieved
AWF Group Limited (AWF) considers it appropriate to provide general guidance
to the market regarding expectations for the AWF Group's financial
performance for the six months to 30 September 2014.
Overall AWF Group turnover for the six months to 30 September 2014 is
expected to lift to almost $100m (compared to $62m for the six months to 30
September 2013) with net profit after tax and underlying earnings all showing
significant increases.
The Madison group of companies acquired late last year are performing
extremely well and to a level where it is anticipated that the full amount of
the additional purchase price payment of up to $6m will be required to be
paid by AWF to the vendors of the Madison group by near the end of November
2014.
The AWF Group's financial results for the six months to 30 September 2014 are
expected to be announced on Thursday 30 October 2014.
The AWF Group continues to consider an appropriate debt reduction program and
expects to be in a position to advise details of the proposed program by the
end of the year. This is likely to include the opportunity for Shareholder
participation.
For more information contact:
Mike Huddleston
AWF Group Chief Executive Officer
Tel: +64 9 526 8779
Mob: +64 27 577 3057
End CA:00254916 For:AWF Type:FORECAST Time:2014-09-05 09:10:56
