Flagship projects in Logan and at Arundel on the Gold Coast will deliver continued residential house and land sales growth for leading local property developer Villa World.
The Company marked its half-year with another strong profit result supported by robust sales and increased revenue.
The positive result also prompted an upgrade in the Company’s full year guidance to an after tax profit of $37.5 million, representing growth of 11% over FY16 ($33.7 million).
Villa World announced a half-year statutory net profit after tax of $19.6 million (17.4 cps), compared to a net profit after tax of $20.4 million (18.5 cps) for the half year to 31 December 2015. This is within the half-year guidance range of $19.5 - 21.4 million released on 6 December 2016, with sales at certain Victorian land and housing projects carried forward into 2H17.
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