Microsoft Word - Profit Guidance ASX and Media release 28 July 2015

ABN 61 003 184 932

68-72 Lilyfield Road, Rozelle NSW 2039

PO Box 331, Leichhardt NSW 2040

T: +61 2 9555 9922

F: +61 2 9555 9944 www.desane.com.au ASX Code: DGH

DESANE 2015 FINANCIAL YEAR PROFIT GUIDANCE


Desane Group Holdings Limited wishes to advise that, subject to final audit review, it is expected to report an after‐tax profit in the range of $2.4 million to $2.6 million for the financial year ended 30 June 2015. The after tax profit for the 2014 financial year was
$1.242 million.

The key drivers for the 2015 financial year have been:

100% occupancy of all properties owned and of managed by the Group;

6% increase in property rental income;

Favourable asset revaluation;

Continuing low interest rates;

Completion of sale of the Burns Bay Rd, Lane Cove property; and

Professional and diligent Group cost management.

The 2015 financial year profit guidance does not include the profits to be derived from the sale of the Easton Apartments project. The profits from this project will be brought to account in the 2015/2016 financial year.
Following the finalisation of the accounts, completion of the audit review and consideration by the Board of Directors, Desane expects to announce the full result for the financial year ended
30 June 2015 by 25 August 2015.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Phil Montrone
Managing Director & CEO Desane Group Holdings Limited (02) 9555 9922 philmontrone@desane.com.au
John Bartholomew
Company Secretary
Desane Group Holdings Limited (02) 9555 9922 johnbartholomew@desane.com.au

ABOUT DESANE:

Desane Group Holdings Limited is a significant Sydney based landlord. The areas we specialise in are property investment, property services and property management. Desane owns $54.5 million of properties and other assets and manages a further $4.6 million of industrial and commercial properties in the Sydney region. For more information, please visit

our website at www.desane.com.au

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