Reaffirmed guidance:Cedar Woods Properties Limited reaffirmed FY16 profit guidance of $43 million as well as estimates strong growth for financial year17. Cedar Woods Properties Limited has nine new projects under pipeline which would contribute to earnings over next three years. Presales for financial year 17 and financial year 18 are at $130 million as per the third quarter financial year 16 operational update while a growing national pipeline of development project in Western Australia, Victoria and Queensland is expected to drive revenues for financial year 17 and financial year 18. In Half first financial year 16, the company acquired two exciting projects – North Baldivis and Wooloowin project.