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LandMark White expects FY'19 pretax profit to increase 17% YOY

LandMark White Ltd. expects profit before tax for full fiscal year 2019 to increase 17% year over year to A$6.8 million from A$5.8 million.

EPS for 2019 is expected to jump 13% on an annual basis to 6.16 Australian cents from 5.44 cents, while revenue in the comparable period is also expected to increase 4% to A$45.1 million from A$43.3 million.

Pretax profit and revenue posted for the 2018 fiscal year ending June 30 were below expectations released in April.

The Australian real estate company provided the guidance for the new fiscal year based on current market outlook and excluding any potential acquisitions. It is also banking on its expansion in insurance and government services and in the commercial property market, especially in Melbourne, for the expected increases.

For the fiscal year ending June 30, LandMark White's total per-share dividend reached 4.6 cents from the year-ago 4.5 cents. The final dividend of 2.0 cents will be paid Sept. 19.