CEDAR WOODS FIRST HALF-YEAR PROFIT DOUBLES

Simmon Johanson

 
              - Cedar Wood in Perth

              - Firsthalf profit of $18.1 million up from$9.1million

              - Revenue was$77million
            
              - Previous period $77.9 million

              - From 12 cents per share to 23cents

                                         summary

                Cedar woods has doubled its first-half profit .Afirst-half profit of $18 million , up

                from $9.1 million for the same period last yer.Revenue was $77 million ,compared

                with $77.9 million for the previous period.Cedar Woods declared a fully franked di-

                videned of 12 cents per share increase to 23 cents ,about 98per cent.