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Business Description: Sunland Group Limited (SDG) is engaged in property development and construction together with project services and hotel investments and operations. SDG operates five segments comprising Land and Housing, Multistorey Australia, Multistorey International, Hotel investments and operations, and Project services located in Australia and Dubai.
Strategy Analysis: SDG has two main strategies; to increase geographical diversification and to increase property types offered. The core profit is derived from its Australian development portfolio. However, SDG expects its substantial contributor to future earnings will be derived from the growth in the international development portfolio, in particular the Palazzo Versace global rollout and project services income. Its exclusive partnership with the International House of Versace has House of Versace has delivered a powerful springboard to enter new global markets. Over the past two years, the company has focused on the capital management by way of debt reduction and recycling capital through the expansion of key joint venture relationship in both Australia and Dubai. .
Sunland Group reported NPAT of $8.41m for the half-year ended 31 December 2012. Revenues from ordinary activities were $99.4m, up 26.1% from last year. Basic and Diluted EPS were 4.4 cents compared to 0.1 cents last year. The net operating cash outflow was $42.62m compared to an outflow of $50.02m in the pcp. No dividend was declared.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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