2020 Half Year Result and Interim Report

SNC - 2020 Interim Result Release Southern Charter Financial Group Limited (NZSX: SNC) is pleased to release its Interim Report for the six months ended 30 September 2019. Financial Results Southern Charter Financial Group reports an unaudited net loss attributable to shareholders of $88,313 for the half year ended 30 September 2019. This compares with a net profit attributable to shareholders of $48,660 for the same period last year. Compared to the prior year period, more expenses were incurred in the half year ended September 2019 on legal services and due diligence activities in relation to potential acquisitions. Outlook The Company continues to look for appropriate acquisition targets with the support of the new majority shareholder. The Company will seek approval from all shareholders, as required, to complete any major transaction. On behalf of the Directors of Southern Charter Financial Group the Company extends its thanks to the shareholders for their support of the Company. Please refer to the attached Interim report and announcement for the detailed result for the period. For further information, please contact: John Cilliers Director Southern Charter Financial Group Email: john.cilliers@outlook.co.nz End CA:00345075 For:SNC Type:INTERIM Time:2019-11-28 08:31:25