Thursday 20th November 2014 |
Text too small? |
NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties including Auckland shopping precinct The Roskill Centre.
Operating earnings before one-time items rose to $3.1 million in the six months ended Sept. 31, from $2.7 million a year earlier, the Auckland-based company said in a statement. Gross rental income rose 13 percent to $8.2 million. Net profit dropped 42 percent to $2.6 million, reflecting a property valuation gain in the year-earlier period that wasn't repeated.
The retail, commercial and industrial property investor's portfolio was valued at $157 million as at Sept. 30, from $121 million a year earlier. The increase reflected the addition of the Roskill Centre and the purchase of properties adjacent to the Eastgate Shopping Centre, it said.
NPT will pay a second-quarter dividend of 0.8 cents a share.
BusinessDesk.co.nz
WHS FY25 Interim Results teleconference details
VGL - Odeon Cinemas Group signs for Vista Cloud
DGL - T&G appoints new Director
TEM - Transaction in Own Shares
Fonterra lifts FY25 earnings guidance
Fonterra releases divestment roadshow presentation
March 10th Morning Report
NZM - Update on director nominations and shareholder proposal
2 Cheap Cars secures new finance facility with ANZ Bank
March 7th Morning Report