Finbar Group Limited provided earnings guidance for the half year ended December 31, 2012. For the half year, the company anticipates that it will report an after tax profit of approximately $14 million. The large impact on earnings for the half year relates to the completion of 85 settlements at the Company's first Pilbara project, Pelago West.

Finbar's recently completed Lime project also contributed to earnings with 20 lots being transferred to new buyers. The balance of settlements for Lime, where the residential lots are now sold out, is expected to occur in the second half year to 30 June 2013. As a result, the company reaffirms its fiscal year 2013 profit guidance by anticipating it will exceed last financial year's record net profit of $28.3 million.