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Treasury Group Limited
Treasury Group Limited
02/06/2012 | Press release
06/02/2012 - Six month results - restructure costs
distribué par noodls le 02/05/2012 21:52
6 February 2012
Treasury Group Limited
Six Month results - December 2011
Restructuring Costs
Treasury Group Limited (TRG) will announce its half year
results for the period ended 31
December 2011 on 22 February 2012.
The result for the six months to December 2011 will be
impacted by a number of non- recurring abnormal items
relating to the previously announced restructure of two of
TRG's boutique funds management businesses, Global Value
Investors and AR Capital Management. These restructures are
continuing and have not yet been finalised. At present, TRG
expects the non-recurring abnormal items associated with
these restructures to be in the range of approximately
$900,000. The carrying value of the investments will continue
to be monitored.
In general, boutique fund managers within the TRG Group
continue to perform well. As previously announced, TRG
group-wide funds under management increased by 1.6% during
the December 2011 quarter to $15.75bn.
Additional information will be provided with the release of
the December 2011 half year results on 22 February 2012.
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Treasury Group Limited |
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ABN: 39 006 708 792 |
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Phone +61 2 8243 0400 |
Level 5, 50 Margaret St, Sydney NSW 2000 Facsimile +61 2 8243 0410 |