Wentworth Mutual Limited Level 1 T 9489 5333ABN 41 080 167 264...

Wentworth Mutual Limited Level 1 T 9489 5333
ABN 41 080 167 264 415 Roberts Road F 9489 5344
Subiaco WA 6008 E [email protected]
15 June 2006
The Company
Announcements Office
Australian Stock
Exchange Limited Level
4, 20 Bridge Street
SYDNEY NSW 2000
WENTWORTH CONSOLIDATES CASH FLOW
“We are firmly on track to achieve our projected $800,000 EBITDA (earnings
before interest, tax, depreciation and amortisation) by 30th June 2006” stated
Executive Director of listed, public Company Wentworth Mutual Ltd (ASX:WWM)
at the Group’s recent Board Meeting.
He went on to state that WWM’s cash flow for the month was yet another positive
result with the Company recording a net operating cash flow of $361,565 for May
2006. The Company has been trading profitably since December 2005 and the
most recent May result confirms that Wentworth is performing to expectations.
“Our core business of residential property management, management rights and
most recently, real estate sales are working effectively and delivering excellent
operating cash flow to the business. Our focus is firmly fixed on ensuring
continuity of three key deliverables: ‘Correct fit’ acquisitions, continuing
profitability and appropriate expense reduction” said Lamont.
Wentworth has the goal of ‘Building Australia’s Leading Property Management
Company’. The Group’s acquisitions and positive results are an indication of its
progress in this regard.