Precinct Property annual profit rises 9.4% as Auckland rentals strengthen

Tue, 12 Aug 2014

By Suze Metherell Aug. 13 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, said annual earnings rose 9.4 percent as its Auckland rentals continued to strengthen and Wellington occupancy remained static. Operating profit, which excludes some non-cash items and is used as the basis of dividend policy, increased to $63.8 million, or 6.10 cents per share, in the 12 months ended June 30, from $58.3 million, or 5.85 cents, a year earlier, the Auckland-based company said in a statement. That&...

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