SRG expects strong FY16 profit growth

Company News

by Jessica Ellerm

SRG Limited (ASX:SRG) has announced it anticipates its net profit before tax for FY16 to be in the range of $8M to $9M.
The guidance represents a 33 to 50 percent increase on FY15’s $6 million result. 
SRG has put the improvement down to further progression of its company strategy, as the complex services company moves from a foundation phase to development one.
The company has also entered into a contract to sell one of its property’s in South Melbourne for $8.1 million, with settlement due in Q2 of FY17. 
SRG Limited reported a net profit of $2.02 million at 31 December 2015.

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