CDL Investments New Zealand Limited (CDI) has reported a profit after tax of $31.3 million for 2021, a slight increase on the $30.1 million achieved in 2020.
The result reflects strong sales despite the pandemic and further reinforces the demand for high quality residential subdivisions.
CDI has acquired 69.25 hectares of land in the Hawkes Bay region and has commenced construction of two warehouses in Wiri, South Auckland.
The Board has resolved to maintain the fully imputed ordinary dividend at 3.5 cents per share, payable on 13 May 2022.
With sections coming on stream in Auckland and Havelock North developments underway, CDI is expecting 2022 to be a positive year.
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