11 April 2006
St Laurence Property & Finance Annual Result
St Laurence Property & Finance Limited (SLP) is due to announce its result for the year ended 31 March in May 2006. SLP previously advised the market in November 2005 that it expected its full year result to exceed last year’s net profit
of $18.06 million, subject to the market conditions at the time being maintained.
SLP announced today that, due to continued buoyant property market conditions, it expects a significant increase in the
valuation of its group property portfolio as at 31 March 2006. As a result, SLP now expects its full year profit to 31 March 2006 to be in the range of $30 to $35 million.
Updated independent property revaluations for the portfolio are expected to be confirmed over the next two weeks.
SLP will give further guidance on its full year profit result following final confirmation of the updated property
revaluations.
ENDS