CDI: Amendment to FY2021 Results Announcement

CDL Investments New Zealand Limited (CDI) has reported a profit after tax of $31.3 million in 2021.

The result reflects strong demand for high quality subdivisions in spite of the ongoing pandemic.

The company reported a profit before tax of $43.4 million (2020: $41.8 million) and property sales & other income totaled $92.1 million (2020: $88.8 million).

CDI made 69.25 hectares of land acquisitions in the Hawkes Bay region in 2021 and the Board has resolved to maintain its fully imputed ordinary dividend at 3.5 cents per share payable on 13 May 2022.

CDI has commenced construction of the first of two warehouses at its commercially- zoned site in Wiri, South Auckland and the sale of land at Jerry Green Street, Wiri settled in January 2022.

A correction to the Directors’ Review released as part of CDI’s FY2021 results announcement last Friday follows this statement.

CDL Investments New Zealand Limited (CDI) has reported a profit after tax of $31.3 million in FY2021, reflecting strong demand for high quality subdivisions in spite of the ongoing pandemic.

The Board has resolved to maintain its fully imputed