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Finbar’s $32m Domus sale

PERTH-BASED property developer Finbar International Ltd has sold out its latest apartment release, Domus Apartments on Hay Street, Perth, in the first weekend on offer. The Domus complex, made up of 80 two-bedroom apartments and one commercial lot, generated sales of $32.3 million dollars. The development is located at 375 Hay Street in the city’s east end. The project is a 50 per cent owned Finbar joint venture and is expected to deliver $7 million in profit to the company’s earnings in the 2008 financial year. Finbar plays a leading role in Perth’s medium- to high-density residential property market, and between 1997 and 2005 completed apartments worth $368 million. In the 2007 financial year it is forecasting completion of a further 494 apartments, with a value of $226 million. “There is no doubt we have a strong property market in the west but there have been other apartment releases in Perth in recent months that have not seen this type of response,” Finbar managing director John Chan said.

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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%
319thEuroz24%11%
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

21/05/18
$15k Bought
21/05/18
$15k Bought
21/05/18
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

38th↑Finbar Group$125.8m
40th↓Quintis$97.4m
44th↑Joyce Corporation$81.1m
47th↑Euroz$70.7m
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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