Diploma Group (ASX: DGX) is preparing to announce a capital raising, with the ASX granting the company a trading halt - with its shares placed in pre-open.
Earlier in the week the company announced that it had exceeds earnings guidance for FY13, with earnings before interest and tax of $3.5 million, 40% above the mid-range guidance of $2.5 million.
Net profit after tax of $1.6 million was generated from revenue of $163.4 million and was impacted by the sale of the last of the remaining residual stock from the Groups Zenith apartment project to the extent of $2.2 million.
The halt will last until the earlier of an announcement being made to the market, or the opening or trade on Tuesday 13th August 2013.
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