PFI's profit halved by property revaluations slowing
Valuations were up just 3.7% at $43.6 million compared with an 8.9% lift the year previously.
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Hawke’s Bay
Lower growth in property revaluations bit into Property For Industry’s (PFI) full-year results in a year when it internalised management and paid no tax.
The listed industrial property company’s net profit more than halved to $51.7 million last year, compared with $123.4 million a year
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Sally Lindsay
Mon, 12 Feb 2018
Mon, 12 Feb 2018
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PFI's profit halved by property revaluations slowing
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