CP1 said it is on track to exceed its forecast guidance of $34 million.
Managing director Phil Sullivan said sales at Martha Cove had met second half expectations and the profit the Company will post for the full year will be yet another record and should exceed forecasts by about 10%.
“This year’s profit has primarily been driven by second half sales at Martha Cove of around $150 million including GST,” he added.
“Our hotel division is performing well and other development projects are on target.
“The Company will announce its full year results mid to late August,” Sullivan said.
Australian Property Journal
