Investore beats prospectus forecast with debut annual profit of $28.5 mln

Sun, 28 May 2017

By Jonathan Underhill May 29 (BusinessDesk) - Investore Property, the property investor spun out of Stride Property last year, posted an inaugural full-year profit as a listed company that beat its prospectus forecast after recording a stronger-than-expected increase in the value of its property portfolio. Net profit was $28.5 million in the 12 months ended March 31, from $11.5 million forecast in its prospectus, the Auckland-based property investor said in a statement. It provided six-month figures for the year-earlier period which weren...

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