DVN 4.00% 13.0¢ devine limited

News: Devine boosts FY earnings guidance

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    Devine Limited (ASX:DVN) has boosted its earnings guidance for the full 2014 calendar year. 
     
    The residential developer now expects to report profit before tax of between $9.8 million to $10.8 million.
     
    The anticipated result is up from previous guidance of between $6.5 million to $7.5 million profit before tax. 
     
    Devine says it will consider the payment of a dividend once the final audited accounts are prepared in February 2015.
     
    The company has also advised it is continuing to work with a number of interested parties which may lead to a sale process for all shares in the company. 
     
    Devine reported a net profit of $477,000 in the first half of the 2014 calendar year. 
 
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Currently unlisted public company.

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