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Financial Summary

FY18 Result Highlights

  • Revenue $374.3 million; down 6.8%
  • PBT $45.1 million; (PAT $31.3 million); down 11.7% and 12.2% respectively
  • Strong operating cash flow of $47.9 million (30 June 2017: negative $13.2 million)
  • Net debt dropped by 20.3% to $130.7 million and provides capacity for future land acquisitions
  • Fully franked final dividend per share of 3.0 cents taking total dividends declared for FY18 to 5.0 cents, in line with the prior year
  • Strong pre-sales of more than 1,000 lots