NPT lifts first-half earnings 6.1% as retail rental income climbs

Tue, 24 Nov 2015

By Paul McBeth Nov. 24 (BusinessDesk) - NPT, the listed property investor, increased first-half earnings 6.1 percent as rental income from its retail buildings dragged up revenue, while a lift in the value of its overall property portfolio almost doubled profit. Operating profit before gains and losses, typically the preferred measure for property investors as it removes changes in the value of their portfolios, rose to $3.3 million in the six months ended Sept. 30 from $3.1 million a year earlier, the Auckland-based company said in a st...

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