Home builder Cedar Woods is on track to deliver a record result for a sixth straight year and has upgraded its earnings guidance after doubling first half profit. The company on Tuesday reported an $18.1 million profit for the six months to December 31, up from $9.1 million for the same period last year. "We are confident that if conditions continue as anticipated, we will deliver a full year net profit of approximately $43 million," managing director Paul Sadleir said on Tuesday.
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