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- Release Date: 17/10/12 12:15
- Summary: GENERAL: SUM: 3Q12 Metrics - Sales of Occupation Rights
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SUM
17/10/2012 10:15
GENERAL
REL: 1015 HRS Summerset Group Holdings Limited
GENERAL: SUM: 3Q12 Metrics - Sales of Occupation Rights
17 OCTOBER 2012
3Q12 METRICS - SALES OF OCCUPATION RIGHTS
The directors of Summerset Group Holdings Limited advise that the group has
achieved 124 new sales of occupation rights and 133 resales of occupation
rights for the nine months ending 30 September 2012. This is an increase of
80% and 46% respectively for the corresponding nine months ending 30
September 2011.
This also compares to the IPO forecast for the full year to 31 December 2012
of 134 new sales of occupation rights and 124 resales of occupation rights.
Managing Director and CEO Norah Barlow said "sales within the group continue
to be strong. Our recent first half results reflected this, and we are
pleased to see the momentum continue".
FY12 Sales of Occupation Rights
See attached table
FY11 Sales of Occupation Rights
See attached table
Quarterly metrics on occupation right sales will be provided by the 10th of
the month following the end of each quarter going forward.
Please note that the quarterly sales metrics provided may not necessarily
reflect NZ IFRS financial performance for the corresponding period. In
particular, key items in the income statement, such as the fair value
movement of investment property, are dependent on several variables, of which
one is occupation right sales.
ENDS
For more information:
Harriet Palmer
Summerset Group Holdings Limited
04 894 6993 or 027 601 2001
End CA:00228542 For:SUM Type:GENERAL Time:2012-10-17 10:15:30
