Argosy's distributable income rises 13.7% in bouyant property market
The listed property fund's profit doubled on the back of portfolio valuation gains.
Andrew Bevin
Wed, 19 May 2021
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Accountants
NZX-listed Argosy’s profit doubled in the 2021 financial year as property income crept up 8%, a result driven by the buoyant property market.
The property fund posted a $241.7m profit for the year to March 31, up 103%, off revenue of $107.7m.
Revaluation gains, a noncash measure, amounted
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Andrew Bevin
Wed, 19 May 2021
Contact the Writer: andrew@nbr.co.nz
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Argosy's distributable income rises 13.7% in bouyant property market
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