Goodman Property Trust reports a 47% lift in 1H pre-tax profit

Tue, 06 Nov 2018

By Rebecca Howard Nov. 7 (BusinessDesk) - Goodman Property Trust reported a 47 percent lift in first-half pre-tax profit as it benefited from fair value gains on investment properties. Goodman reported a statutory profit of $66.4 million before tax in the six months to Sept 30, 46.6 percent higher than the $45.3 million recorded in the previous corresponding period. Fair value gains of $16.8 million on certain properties were the main driver in the variance, it said. “The year to date has seen asset sales, new development projects, p...

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