Goodman Property reports 9% decline in full-year profit

Wed, 17 May 2017

By Rebecca Howard May 18 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, reported a 9 percent decline in full-year net profit on a deferred tax payment and lower investment property revaluations and was slightly less upbeat about the current financial year. Net profit was $213.8 million in 12 months to March 31, from $233.1 million, a year earlier, the Auckland-based company said in a statement. A deferred tax payment of $11 million impacted the number. Profit before tax was $220.5 mi...

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