Precinct profits on major portfolio value gains
Operating income was up 8.5% despite pandemic related costs.
NZX-listed Precinct Property’s profit boosted up 200% on the back of portfolio value gains in its first-half result.
The large-scale property owner posted a net profit of $163.2 million in the six months to December, up from $54.3m in the previous first half.
The bulk of this gain was a
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