Investment Matters

Cedar Woods

Cedar Woods' sold the Masters store they built at their Williams Landing development (western suburbs Melbourne), which assisted to deliver the record profit of $42.6mill. 

Although some concern exists about prospects for the company's WA developments, presales of $153million (up 10% on prior year), mainly settling in FY16, provide confidence in the outlook for FY16: to achieve earnings in FY16 similar to that achieved in FY15.  Furthermore three landmark projects are expected to drive growth from FY17.

Cedar Woods 10 Sep 15