Argosy swings to $126m profit as valuations rebound

CEO Peter Mence is confident about Argosy's outlook. (Image: Supplied)

Wed, 21 May 2025

Argosy Property is back in the black after a sharp rebound in property valuations and lower interest expenses. The listed property company reported net profit after tax of $125.9 million for the year ended March 31, reversing a net loss of $54.5m in the prior year.On an investor call chief executive Peter Mence said the company is well-positioned to capitalise on economic recovery. "Overall, we're pleased with the way the business has come through what's been a relatively challenging year. "Occupa...

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