Brief: Precinct Properties New Zealand FY Net Profit Up 57.2 Pct

Precinct Properties New Zealand

15/08/2018 22:10

Aug 16 (Reuters) - Precinct Properties New Zealand Ltd
 PCT.NZ :
    * FY NET PROFIT AFTER TAX UP 57.2% TO NZ$254.9 MILLION
    * FY NET PROPERTY INCOME INCREASED BY 5.4% TO NZ$95.3
MILLION
    * PRECINCT PROPERTIES NEW ZEALAND SEES FY19 NET OPERATING
INCOME
OF ABOUT 6.60 CPS, WITH FY19 DIVIDEND EXPECTED TO INCREASE BY
3.4% TO 6.00 CPS
    * FULL YEAR DIVIDEND OF 5.80 CPS, UP 3.6%
    * PRECINCT WILL UNDERTAKE A NZ$298 MILLION REDEVELOPMENT OF
ONE
QUEEN STREET IN AUCKLAND

Source text for Eikon:  ID:nNZW9sPXYL 
Further company coverage:  PCT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))