Brief: Precinct Properties New Zealand Issues Commercial Bay Programme Update
28/05/2019 22:43
May 29 (Reuters) - Precinct Properties New Zealand Ltd
PCT.NZ :
* COMMERCIAL BAY PROGRAMME UPDATE
* FORECASTED TOTAL PROJECT COST NOW EXPECTED TO BE BETWEEN
NZ$690
MILLION AND NZ$700 MILLION
* EARNINGS GUIDANCE FOR 2019 FY REMAINS UNCHANGED AT
APPROXIMATELY
6.60 CENTS PER SHARE (BEFORE PERFORMANCE FEES)
* THE $10 MILLION POTENTIAL INCREASE IN FORECASTED TOTAL
PROJECT
COST REFLECT COST OF DELAYS TO OPENING
* BASE BUILDING WORKS ARE UNLIKELY TO BE COMPLETE BEFORE
DECEMBER
2019
Source text for Eikon: ID:nNZW35Yl4k
Further company coverage: PCT.NZ
((Reuters.Briefs@thomsonreuters.com;))
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