Unity Pacific Group Releases 2015 Financial Year Results and Presentation

31st August 2015, ASX Announcement

Unity Pacific Limited (ASX: UPG) announces the following consolidated financial results for Unity Pacific Group (‘Unity Pacific’) for the year ended 30 June 2015.

Results In Line with Previous Guidance

The results are in line with Unity Pacific’s 30 June 2015 guidance announcement of 20 July 2015.

Results Commentary

Unity Pacific has delivered a net profit attributable to securityholders of $1.32 million for the 2015 year. A summary of the key inclusions in the net profit result is as follows:

• a net profit of $2.53 million on the sale of Rivergate Centre, Murarrie, Queensland;
• the establishment of The Marie Street Trust; and
• a decrease of $1.91 million in the value of 308 Queen Street/88 Creek Street, Brisbane primarily due to a writedown in  the Transferable Site Areas (TSAs) attached to the 308 Queen Street heritage building

To read the full announcement, please click here.

To view the Financial Results Presentation, please click here.