PGC 0.00% 20.0¢ pyne gould corporation limited

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

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    • 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
    				
 
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