Great Southern Plantations 2005 plantation project has closed with sales of around $108 million from July 1 2005 to the closing date yesterday.This represents an increase of approximately 70 per cent on the similar period for previous year's project.Commenting on the significant increase in sales, Managing Director John Young said: "This is obviously a very good result and reflects that demand for Great Southern's managed investment products continues to be strong. It also highlights the strength of our distribution network, which continues to expand and provides increasing diversity and stability of sales.""The sales announced today relate only to our plantations project. Notwithstanding the strong sales growth, our emphasis this year is very much on controlled growth in sales across an increasing product range, as part of our overall strategy and focus on capital management and quality and consistency of earnings. This year will see an increasing focus on Great Southern's income projects,which are expected to provide an increasing proportion of total sales"."These other projects are in increasing demand given the regular income they generate to investors, whilst at the same time providing capital efficiencies to our company" Mr Young said.
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