Gale Pacific Limited Upgraded Guidance Revised Earnings Guidance for the Six Months to 31 December 2017
January 14, 2018 at 05:41 pm
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Gale Pacific Limited revised earnings guidance for the six months to 31 December 2017. The company announced that its pre-tax profit for the six months to 31 December 2017 will be approximately AUD 1.7 million, an increase compared to the previous guidance of a break-even result. This improved financial result is due to better than anticipated trading during November and December 2017, particularly in the Australian retail business. The company remains confident in a strong second half and anticipates that the pre-tax profit for the twelve months ending 30 June 2018 will be slightly above the prior year underlying pre-tax profit of AUD 13.5 million, driven largely by the successful execution of new business opportunities in the Americas region.
Gale Pacific Limited is engaged in manufacturing technical fabrics used for consumer and commercial applications. The Company's operating segments include Americas (AMR), Australia / New Zealand (ANZ), and Developing Markets (DEV). The Company offers retail and commercial products through its brands, such as Coolaroo, ZONE Interiors, GALE GUARD and GALE Pacific commercial. Its retail product lines, which are marketed under the Coolaroo brand include items, such as shade fabrics, shade sails, outdoor blinds, synthetic turf, screening, umbrellas, gazebos, outdoor blind range, exterior window furnishings, weedmat and mulchmat. Its Zone Interiors brand is used for marketing indoor blinds. Its GALE GURAD brand provides reusable face mask with antimicrobial treated fabric. Its GALE Pacific commercial brand provides knitted, coated, and advanced polymer fabrics for agricultural, architectural, industrial, horticultural and mining applications.
GALE PACIFIC LIMITED 
