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Hot Topic Hawke's Bay
Hot Topic Hawke's Bay
Investment
2 mins to read

Centuria ‘well placed’ for recovery but posts lower profit

The market was forgiving as the company’s forecasts were accurate.

Centuria joint chief John McBain expects the company's lending business to grow rapidly.

Key points
  • Revenue: A$143.5m
  • Profit: A$45.2m
  • Key takeaway: The company delivered to its OEPS forecasts in a challenging high interest rate market, and its diversification into lending and agriculture in addition to strong pre-sales at a flagship resort in Queensland give investors reasons to be optimistic. 

Diversification into the agricultural sector and a growing property lending business have helped trans-Tasman property group Centuria deliver on its forecasts in a market challenged by higher interest rates and fewer transactions.

ASX-listed Centuria Capital Group yesterday announced a A$49.5

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Lachlan Colquhoun Wed, 21 Feb 2024
Contact the Writer: lachlan@nbr.co.nz
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Key points
  • Revenue: A$143.5m
  • Profit: A$45.2m
  • Key takeaway: The company delivered to its OEPS forecasts in a challenging high interest rate market, and its diversification into lending and agriculture in addition to strong pre-sales at a flagship resort in Queensland give investors reasons to be optimistic. 
Company profile
Powered by: asx logo
Change:
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Previous Close
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52 Week High
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Centuria ‘well placed’ for recovery but posts lower profit
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