CDL Investments New Zealand rises on positive H1 results

CDL Investments New Zealand

02/08/2018 01:20

** Property development and investment company CDL
Investments New Zealand Ltd  CDI.NZ  gains as much as 6.7 pct to
NZ$0.960
    ** Company says posts H1 operating profit of NZ$25.5
mln($17.31 mln) compared to NZ$20.4 mln same period last year
nFWN1US163
    ** CDL Investments says H1 revenue from ordinary activities
was NZ$60.2 mln, rose 18 pct y/y 
    ** Stock posts biggest intraday pct gain since Feb 17, 2017
    ** Stock is the second top pct gainer on S&P NZX All Capital
Index  .NZCI 
       
($1 = 1.4730 New Zealand dollars)

 (aditya.srivastsav.thomsonreuters.com@reuters.net)