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Villa World Reports Results for Half Year Ended 31 December 2017

Villa World (ASX:VLW) is on track to deliver a full-year forecast profit growth of at least 10% and has set the scene for even stronger performances ahead.

The Company marked the half-year with a $17.3 million statutory profit after tax, within its guidance range of $17 million - $18 million, announced on 20 December 2017. The half-year guidance was increased at that time following a new joint venture project at Wollert, in Victoria, which has contributed $5.2 million net profit after tax ($7.3 million before tax).

Full year statutory profit after tax guidance is reaffirmed as at least $41.6 million which represents 10% growth on FY17. The Company will continue to monitor product delivery and land title registrations towards the end of 2H18 and will provide further guidance update if necessary.

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