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

Riding the high property market scores Argosy $66m profit

High valuations made profits soar.

Andrew Bevin Tue, 20 Nov 2018

Argosy posted a profit of $66.8 million for the last half-year, up significantly from $23.1m from the March 18 half year.

Argosy chief executive Peter Mence says the profit was powered by high asset valuations and selling properties for well above book value.

A valuation of the company’s

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Andrew Bevin Tue, 20 Nov 2018
Contact the Writer: andrew@nbr.co.nz
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Riding the high property market scores Argosy $66m profit
Property,
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