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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Property
2 mins to read

Investore profit falls 150% on property revaluation

Chair Mike Allen said Investore had delivered a 'resilient' operating earnings result.

Countdown Petone is part of Investore's portfolio.

NBR Staff Wed, 16 Nov 2022

Investore Property made an after-tax loss of $27.7 million in the six months to September 30, down 149% on the $56.9m profit it made in the same half last year.

The decline was primarily due to the fair value of its property portfolio dropping $42.7m, due to softening capitalisation across the

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NBR Staff Wed, 16 Nov 2022
Contact the Writer: editor@nbr.co.nz
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Investore profit falls 150% on property revaluation
Property,
96624
true