Finbar has high hopes

LISTED Perth-based property developer Finbar International has forecast continued strong profit and revenue for the remainder of the financial year.

The company announced a 123 per cent lift in half-year pre-tax profit to just over $2 million.

Sales of $13.2 million were up 120 per cent on the corresponding period in 1999 and came predominantly from the company’s 144 apartment Wellington Place project in East Perth.

Finbar managing director John Chan attributed the company’s strong performance to a policy of low gearing, ensuring development costs were covered by pre-construction sales and a lean management structure.

Since December it has announced plans to proceed with $100 million worth of residential development including a $30 million, twelve storey apartment complex in South Perth.

Another project recently off the ground is the development of thirty-six apartments at The Vines in Ellenbrook.


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Finbar Group (FRI)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
304thFinbar Group27%2%
512thJoyce Corporation-7%39%
579thPacific Energy-15%13%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$15k Bought
$15k Bought
$15k Bought
Total value as at the date of the transaction
Source: Morningstar


38th↑Finbar Group$125.8m
44th↑Joyce Corporation$81.1m
48th↑Pacific Energy$58.0m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Finbar Group

72ndDarren Pateman$876k
95thJohn Chan$751k
276thRonald Chan$416k
Ranked by total remuneration from all listed WA companies

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