Market Release – Half Year Ended 31 December 2009 Result
February 17, 2010
In accordance with ASX Listing Rule 3.1, Charter Pacific Corporation Limited (CHF) advises that its unaudited accounts indicate that the group’s half year ended 31 December 2009 result is anticipated to show an improvement of approximately $4.7m on the previous corresponding period with the group expected to report a break even result for the 6 months ended 31 December 2009.
This is largely due to the cost cutting programme instigated by the group last year and the increase in values of listed assets as a result of improved market conditions..