Hedging losses drag Kiwi Property first-half net profit down 23.8%

Kiwi Property Group's first-half net profit fell 23.8 percent as the value of its hedging dropped amid falling interest rates. Net profit for the six months ended September fell to $36.8 million from $48.3 million a year earlier, with funds from operations falling to $51.9 million from $52.3 mill... 

Read the full story at BusinessDesk 

https://businessdesk.co.nz/article/hedging-losses-drag-kiwi-property-first-half-net-profit-down-238

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report
VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report