INVESTMENT company CVC Limited has forecast a net profit after tax of $15 – $20 million for FY10.
CVC company secretary John Hunter said this profit forecast will be substantially attributable to write-backs of previously impaired investments and a profit of $9 million resulting from the realisation of a majority of the long term investment in Sunland Group Limited, which has previously been recognised in reserves.
But at this stage he said it is not possible to give meaningful guidance as to future period profitability.
Australian Property Journal
