NZ's Kiwi Property Group sees best day in 9 weeks on strong HY results

Kiwi Property

21/11/2021 23:37

** Shares of real estate firm Kiwi Property Group Ltd
 KPG.NZ  gain as much as 3.1% to NZ$1.175, eyeing their best day
since Sept. 17
    ** Co reports HY net profit after tax of NZ$143.2 mln
($100.07 mln), up 164.1% compared to last year  urn:newsml:reuters.com:*:nFWN2SB030
    ** Shares rose despite co adding that full financial impact
of recent lockdowns won't be known until H2 of financial year
    ** Stock hits highest level since Nov. 11
    ** Stock has fallen 6.6% this year, as of last close 

($1 = 1.4310 New Zealand dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))