Share
SUM
06/07/2012 09:29
GENERAL
REL: 0929 HRS Summerset Group Holdings Limited
GENERAL: SUM: Trading Update
6 July 2012
Trading Update
The directors of Summerset Group Holdings Limited advise that the group has
achieved 83 new sales of occupation rights and 88 resales of occupation
rights for the six months ending 30 June 2012. This is an increase of 102%
and 52% respectively for the corresponding six months ending 30 June 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 commented "following on from our
strong performance last year, sales for the group have continued to be strong
and we are pleased with the results for the first six months of this year".
FY12 Sales of Occupation Rights
1H12 1H12 vs 1H11 FY12 IPO Forecast
New sales 83 102% 134
Resales 88 52% 124
FY11 Sales of Occupation Rights
1H11 2H11 FY11 FY11 IPO Forecast
New sales 41 67 108 102
Resales 58 65 123 116
The directors note that the financial statements for the six months ending 30
June 2012 are currently being prepared, and that the sales update provided
may not necessarily reflect NZ IFRS financial performance for the period. In
particular, key items in the income statement, such as the fair value
movement of investment property, have not yet been determined.
The Summerset Group Holdings Limited preliminary half year results will be
released pre-market open on Tuesday 21 August 2012.
ENDS
For more information:
Harriet Palmer
Summerset Group Holdings Limited
04 894 6993 or 027 601 2001
End CA:00224713 For:SUM Type:GENERAL Time:2012-07-06 09:29:42
