News and Announcements
Folkestone’s FY15 Financial Results, Presentation and Investor Review
- Published August 27, 2015 12:55PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th August 2015, ASX Announcement
Key Highlights
- Net profit after tax of $7.0 million, up 122.6% on FY14
- Earnings per share of 1.1 cents, up 57.1% on FY14
- Net asset value per share of 17.5 cents, up 21.5% on FY14
- Funds under management of $917 million, up 12.8% on FY14
- Successfully raised $42 million from a Placement and Entitlement offer
- Launched the Folkestone Truganina Development Fund
- Folkestone Social Infrastructure Trust merged with the Folkestone Education Trust
- Acquired interests in three new development opportunities
- Secured strong pre-sales across the active developments
- Completed development of Stage 1 at Millers Junction and entered into JV for Stage 2
Folkestone’s Managing Director, Mr Greg Paramor said “the strong result in FY15 was driven through the focused execution of our strategy to deliver real estate wealth solutions by growing our funds management platform and undertaking quality residential and non-residential developments on our balance sheet.”
Given the growth in our recurring income, our strong balance sheet and assuming no material change in market conditions, we are pleased to announce that Folkestone expects to pay a fully franked dividend of at least 0.5 cents per share in respect of FY16.
To read the full ASX Announcement, please click here.
To read the FY15 Results Presentation, please click here.
To read the FY15 Investor Review, please click here.
FY15 Annual Report, click here.
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