This article is from the Australian Property Journal archive
The Aspen Dunsborough Lakes Limited Syndicate has booked a net profit before tax of $4.33 million for the five month period to June 30, 2006.
The results represent an 80% increase on the $2.39 million originally forecast to investors at the commencement of the syndicate.
Aspen Group currently holds a 20% interest in the Aspen Dunsborough Lakes Syndicate and derives management fees from the provision of project management and sales and marketing services.
In addition, a return of capital of $2.76 million of the capital invested (43% above the $1.93 million expected) will be returned to shareholders once approved at the general meeting.
By Adam Parsons
