VALUER and funds manager LMW Group has record a net loss result of $635,467 for the year to June 30.
LMW saw its sales revenue decreased to $23.563 million down 21.7% from 2008.
The group still declared a dividend of 2.0 cents down from 5.8 cents for the 2008 financial year.
LMW said its property valuation business practices (LandMark White & LMW Residential) remained profitable for the financial year.
It said its future growth will be in funds management and added it was encouraged by the growth of the LMWI Diversified Property Fund since interception and the responses to the launch of the first property syndicate; DenisonLMWI Property Trust #1.
Australian Property Journal
