City Pacific Limited a Top 20 ASX Stock
29th March, 2007
"Returns On Shareholders Funds"
City Pacific has been named one of the top 20 performing companies in Australia for the past year.
The Returns on Shareholders Funds, (ROSF) featured in the BRW Flagship Edition for March to May 2007, has placed City Pacific in 18th position with an annual return of 38.41%.
This is a significant return compared with the ASX 200 average of 18.8% and the international benchmark average of 20% for the year.
The most recent BRW Top 1000 Companies list achieved ROSF of 18.4%.
CEO and Managing Director Phil Sullivan, said the achievement is recognition of the Company's long-standing high level of performance.
"This result is confirmation of the strength of our business operations, and in particular, the emphasis we place on the timing and location of our acquisitions".
"I am confident our shareholders and investors will continue to benefit from the future growth of City Pacific", Mr. Sullivan said.
City Pacific Limited (CIY) is included in the S&P ASX 200 and has in excess of $5 Billion assets under management or advice.
