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Desane Group expects interim 6-month EBIT to drop YOY

Desane Group Holdings Ltd. expects to declare EBIT in the range of A$1.3 million to A$1.4 million for the six months ended Dec. 31, 2017, compared to A$3.8 million from the year-ago period.

The expectation is subject to board consideration and an audit, the Australian property investment and development company said. Interim results are expected to be released Feb. 21.