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‘Stable’ PFI result negatively affected by accounting measures

CEO says the half-year result was reflective of wider property market.

PFI chief executive Simon Woodhams.

Andrew Bevin Mon, 22 Aug 2022

A substantially smaller valuation gain saw Property for Industry’s half-year reported profit drop, while underlying earnings were relatively flat in a result it labelled “stable”.

The NZX-listed industrial property landlord recorded a $35.8 million profit for the six months to June 30, down on

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Andrew Bevin Mon, 22 Aug 2022
Contact the Writer: andrew@nbr.co.nz
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‘Stable’ PFI result negatively affected by accounting measures
Investment,
95408
true