Market Release – Half Year Result December 2008
February 5, 2009
In accordance with ASX Listing Rule 3.1, Charter Pacific Corporation Limited (CHF) advises that its unaudited internal management accounts indicate that the group’s half yearly result as at 31 December 2008 is expected to show an improvement in excess of 20% over the result for the previous corresponding period.
This improvement is largely reflective of the Company’s cost cutting exercise across the group which is on target to reduce expenses for the 2009 financial year by 30% as advised to shareholders in November 2008.
Should there be any significant change to this position between now and the release of the half yearly results the Company will notify the market immediately.