Precinct Properties NZ slips on weak HY earnings

Precinct Properties New Zealand

20/02/2025 03:06

** Shares of Precinct Properties New Zealand  PCT.NZ  fall
4.4% to NZ$1.185, their lowest level since Dec. 31, 2024
    ** Business space developer logs 75% year-on-year drop in
net profit for HY 
    ** Also logs 16.9% decline in operating profit before income
tax, attributed to increase in net interest expense
    ** Confirms FY25 dividend guidance of 6.75 NZ cents per
share
    ** Stock up ~1.7% YTD, including current session's moves

($1 = 1.7541 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))