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Diploma Group on funding drive

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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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Diploma Group

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ASX:DGX
Market: ASX
Market Cap: -
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