Shopping Centres Australasia set of best day in 15 months on strong HY results

Region Re

08/02/2022 01:26

** Shares of Shopping Centres Australasia Property Group
 SCP.AX  rise as much as 6.8% to A$2.99, best session since Nov,
2020
    ** The real estate investment trust announces HY net profit
of A$432.4 million, up 320.2% due to increase in fair value of
investment properties  urn:newsml:reuters.com:*:nASX30P5G
    ** Posts interim distribution of 7.20 AU cents per security
    ** SCP hits highest level since Jan. 6
    ** Stock has fallen 5.7% this year, as of last close

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