SUM
07/07/2015 08:48
FORECAST
PRICE SENSITIVE
REL: 0848 HRS Summerset Group Holdings Limited
FORECAST: SUM: Summerset Provides Earnings Guidance for the 2015 Year
NZX & ASX RELEASE
7 JULY 2015
SUMMERSET PROVIDES EARNINGS GUIDANCE FOR THE 2015 YEAR
Summerset Group advises that its underlying profit for the year ended 31
December 2015 is forecast to be in the range of $32 million to $34 million.
No forecast has been provided for NZ IFRS net profit after tax due to the
inherent uncertainty in fair value movement of investment property, a key
component of this profit measure.
Underlying profit differs from NZ IFRS net profit after tax. The directors
provide an underlying profit measure to assist investors in determining the
realised and non-realised components of fair value movement of investment
property and tax expense in the Group's income statements. Underlying profit
is an industry-wide measure which the Group use consistently from period to
period.
The company's preliminary half year financial results will be released on 11
August 2015.
ENDS
For investor relations enquiries:
Scott Scoullar
Chief Financial Officer
[email protected]
04 894 7320 or 209 894 7317
For media enquiries:
Katy Sweetman
Senior Communications and Marketing Advisor
[email protected]
04 894 6993 or 027 601 2001
End CA:00266717 For:SUM Type:FORECAST Time:2015-07-07 08:48:05
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