Market Release –2009 Year End Result
August 21, 2009
In accordance with ASX Listing Rule 3.1, Charter Pacific Corporation Limited (CHF) advises that its unaudited accounts indicate that the group's 2009 financial year end result is expected to show an improvement of approximately 52% on the previous corresponding period.
This is largely due to the cost cutting programme instigated by the group early in the year with overall operating expenses reduced by in excess of 40%.