Unity Pacific Results for the Half Year Ended 21 December 2015; Business Update

24th February 2016, ASX Announcement

Unity Pacific Limited (ASX: UPG) announces the following consolidated financial results for Unity Pacific Group (‘Unity Pacific’) for the half year eneded 31 December 2015 (half year):

Results in Line with Previous Guidance
The results are in line with Unity Pacific’s 31 December 2015 guidance announcement of 29 January 2016.

Results Commentary
Unity Pacific’s result for the half year was a loss of $0.08 million compared with a profit of $2.56 million for the half year ended 31 December 2014 (“previous half year”). Key transactions and events which have impacted Unity Pacific Group’s half year results are as follows:

• underlying loss from operations of $0.01 million;
• profit of $0.46 million on the sale of 300m2 of transferrable development rights (known as TSAs) which attach to the heritage 308 Queen Street building; and
• costs associated with an extensive capital works program at 308 Queen Street/88 Creek Street.

To read the full announcement, please click here.

To view the Half Year Financial Report, please click here.

To view the Half Year Results Presentation, please click here.