- 19 October 2005
Deceptively great looking H1 result for Cedar Woods as pcp H1 last year was impacted by Covid delays in settlement. This half has benefited from some of those delays coming through, government stimulus and a few development stages being settled. The full year 2021 NPAT result that they are guiding for is not that great at $29m, considering that their record NPAT was over $48m in FY19. Still a very sound property developer though that I never regret holding.