Cedar Woods Reports Strong Profit Growth and Outlook

Cedar Woods Properties Limited (AU:CWP) has released an update.

Cedar Woods Properties Limited announced a significant 28% increase in net profit after tax to $40.5 million for FY24, surpassing their target and previous year’s performance. The company’s strong financial position is bolstered by $559 million in presales and a robust pipeline of over 10,000 dwellings and strategic partnerships aimed at further growth. With a positive market outlook stemming from housing demand, Cedar Woods is poised for a 10% growth target in the next financial year.

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