Brief: Investore Property Says FY Loss After Income Tax Of NZ$67.1 Million

Investore Property

17/05/2024 02:55

May 17 (Reuters) - Investore Property Ltd  IPL.NZ :
    * FY LOSS AFTER INCOME TAX OF NZ$67.1 MILLION
    * FY24 CASH DIVIDEND OF 7.20 NZ CENTS PER SHARE
    * CURRENT MACROECONOMIC CONDITIONS REMAIN SOFT AND HIGHER
INTEREST
RATES HAVE IMPACTED PROPERTY TRANSACTION VOLUMES
    * CONFIRMS CURRENTLY INTENDS TO PAY A CASH DIVIDEND OF 6.50
NZ
CENTS PER SHARE FOR FY25
    * INTENDS TO PURSUE ITS STRATEGY FOR TARGETED GROWTH
    * WILL ALSO CONSIDER STRATEGIC DIVESTMENTS, PROVIDED
APPROPRIATE
VALUE CAN BE REALISED
    * UNDERLYING PORTFOLIO METRICS REMAIN RESILIENT

Further company coverage:  IPL.NZ 

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