Australia's Dexus swings to half year profit

Dexus

17/02/2025 22:05

Feb 18 (Reuters) - Australian property giant Dexus
 DXS.AX  on Tuesday swung to a profit of A$10.3 million  ($6.55
million) for the six months ended December 2024, from a loss of
A$597.2 million in the prior period, driven by stabilizing
capitalisation rates and reduced fair valuation losses.

($1 = 1.5736 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))