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Asset Plus profit up as it forges towards development

The company will pay a dividend above operating income through the development period.

Andrew Bevin Wed, 25 Nov 2020

NZX-listed Asset Plus posted a first-half profit of $11.54 million as it focused on making happen its six-storey Albany development for Auckland Council.

The profit for the six months to September 30 was up from $2m in the first half of the previous financial year.

Net rental revenue was

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Andrew Bevin Wed, 25 Nov 2020
Contact the Writer: andrew@nbr.co.nz
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Asset Plus profit up as it forges towards development
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