CVC Limited provided earnings guidance for the year ended June 30, 2014. The company advised that the group is expected to achieve a net profit after tax of approximately AUD 27 million for the financial year ended June 30, 2014. The final result is subject to the review of the carrying value of investments and audit.
Net profit after tax is significantly influenced by: the sale of CVC's 50% stake in Ron Finemore Transport Pty Limited (RFT) back to RFT, which was announced on 13 June 2014; and the equity accounted share of profits contributed by CVC's 43.5% stake in Green's Foods Holdings Pty Limited.