CORRECT: CDL Investments lifts full-year profit, dividend; shares at highest since 1987

Tue, 10 Feb 2015

(Corrects to show full-year profit) Feb. 10 (BusinessDesk) - CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, posted a 9.7 percent increase in full-year profit on a jump in sales of sections. Profit rose to $14.7 million, or 5.35 cents a share, in calendar 2014, from $13.4 million, or 4.92 cents, a year earlier, the Auckland-based company said in a statement. Sales rose to $44 million from $38.3 million. Managing director Boo Keng Chiu said the result was the company's best fo...

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