Chow Group reports $114k first-half profit, looks to increase share of accommodation market

Wed, 07 Dec 2016

By Edwin Mitson Dec. 7 (BusinessDesk) - Chow Group, the NZAX-listed vehicle controlled by property developers John and Michael Chow, has reported a net profit of $114,029 in the six months to the end of September. That compares to a profit of $8 million for the year to the end of March, which was mainly delivered through a change in the fair value of investment property, which saw a gain of $8.35 million. The interim results for the six months to the end of September 2016 are not directly comparable with the same six months in 2015, as t...

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