New Zealand's Argosy Property rises on strong results, reaffirms dividend outlook

Argosy Property

20/11/2019 02:19

** Shares of Argosy Property  ARG.NZ  rise as much as 1.8%
to NZ$1.405
    ** Property developer says HY profit after tax was NZ$76.9
mln ($49.36 mln) vs NZ$66.8 mln a year ago, while HY net
property income was NZ$51.0 mln vs NZ$50.8 mln a year ago
 urn:newsml:reuters.com:*:nFWN27Z0OS
    ** Co reaffirms full year dividend guidance of 6.275 cents
per share; declares second-quarter cash dividend of 1.56875
cents per share 
    ** Stock posts its biggest intraday percentage gain since
Nov 8
    ** Stock has risen 15% this year, as of last close

($1 = 1.5579 New Zealand dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))