Gale Pacific upgrades guidance

Company News


Gale Pacific Limited (ASX:GAP) has upgraded its first half earning guidance after a jump in revenue. 
 
Earnings for the first three months of the 2016 financial year are 26 per cent higher than the same time last year. 
 
Profit before tax is now expected between $2.75M and $3.25M for the first six months of the financial year compared to $0.7 million last year. 
 
The shade cloth and window furnishings manufacturer says full year profit will be heavily weighted into the second half of the year as with previous years and it looks forward to positive earnings momentum for the remainder of the year. 
 
Gale Pacific reported a net profit of $5.17 million for the 2015 financial year.