PFI reinstates dividend guidance following resilient half year
The industrial landlord posted a lower profit driven by property-revaluation losses.
Fri, 04 Sep 2020
Property valuation losses pushed NZX-listed landlord Property for Industry’s first half profit down by 66%, but resilient cash results mean the company is reinstating its dividend policy.
Profit after tax for the six months to June 30 was $15.7 million, down from $46.4m in the previous
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