With todays news, we can look forward to another well above average dividend payment
CITY PACIFIC CONFIRMS HALF YEAR PROFIT
FORECAST TO RISE UP TO 15%
Diversified financial services group City Pacific (CIY) confirms its half year profit is expected
to rise from between 10-15% on the corresponding period ended December 31, 2006.
City Pacific’s CEO and Managing Director Phil Sullivan said confirmation of the profit outlook
in December 2007 followed a strong first half.
“We expected then to deliver a rise of at least 10% and we can now confirm an expected half
year profit increase of between 10 and 15 %.”
“We maintain our positive outlook for the year and will be releasing our results on February
21, 2008,” he said.
For enquiries contact:
Investors: Media:
Lee Danahay Greg Price
Group Executive – Investor Relations Group Executive – Corporate Affairs
City Pacific Limited City Pacific Limited
(07) 5554 0200 (07) 555 40216
0401 996 500 0400 200 827
About City Pacific Limited
City Pacific Limited commenced operations in 1997 and listed on the ASX in July 2001 (ASX: CIY),
gaining entry into the ASX 200 in June 2005. City Pacific is a diversified financial services group with
core business units in financial services, managed funds and property.
City Pacific is one of the largest non-bank lenders in Australia and has over $1 billion of funds under
management. In addition to this it has a residential loan book of $3.3 billion and commercial mortgage
assets under management of approximately $800 million. City Pacific offers products that range from
equipment finance and leasing to home loans, personal finance, loan securitization and property
finance.
City Pacific has a range of significant property joint ventures with established industry property groups
that include Mirvac Group, Raptis Group and the Indigo Group.
City Pacific is also a major shareholder in two publicly listed property companies, CP1 (ASX: CPK)
and Indigo Pacific Capital (ASX: IPA), and is the recipient of dividend streams from each of the
companies. Website: www.citypac.com.au
Cheers
T
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