Augusta lifts annual earnings 17% as funds management, property deliver bigger returns

Thu, 19 May 2016

By Paul McBeth May 20 (BusinessDesk) - Augusta Capital lifted annual earnings 17 percent as the listed property investor and fund manager eked out bigger returns from its two segments, with a higher occupancy rate and more syndication deals completed. Distributable profit after tax, the preferred measure of many property investors which strips out unrealised movements in the value of their portfolios, rose to $5.7 million, or 6.5 cents per share, in the 12 months ended March 31, from $4.9 million, or 5.8 cents, a year earlier, the Auckla...

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