AN ASX ANNOUNCEMENT

10 AUGUST 2016

DEVINE ANNOUNCES HALF YEAR RESULT

Devine Limited (ASX: DVN) today reported a loss before tax of $27.2 million for the six month period ending 30 June 2016.

The result is due primarily to the impairment of inventory within the communities business, a settlement within the development business and the timing of project completions in the construction business.

The results comprise:

  • Loss before tax from continuing operations of $27.3 million

  • Loss after tax of $28.6 million

  • Total revenue of $113.1 million

  • Gearing remains low at 13.6%

The Company maintains its outlook for a full year result of a loss before tax of approximately

$35 million subject to market conditions.

Refer to the Directors Report for further information.

ENDS

For further information:

James Mackay

CFO & Company Secretary Devine Limited

Ph: (07) 3608 6302

Devine Limited published this content on 10 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 August 2016 06:07:05 UTC.

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