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PCT announces full year profit of $162.1 million

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) reported its financial results for the 12 months ended 30 June 2017 today, with net profit after tax up 17.3% to $162.1 million (2016: $138.2 million). A strong revaluation gain, reduced interest and tax charges and an unrealised gain on financial derivatives have all contributed to the increase in net profit after tax this year. Net operating income (distributable earnings) which adjusts for a number of non-cash items has increased from $72.8 million to $74.7 million over the period. On a cents per share basis, this was in line with guidance and up 2.7% to 6.17 cps (2016: 6.01 cps).


Precinct records $89 million revaluation gain

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) today reported a revaluation gain on its property portfolio of around $89 million (2016: $81 million) or 4.5%, increasing the value of Precinct’s portfolio to over $2.0 billion.


Precinct announces CFO appointment and senior management changes

Precinct Properties is please to announce senior management changes to support delivery of Precinct’s strategy.

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Character warehouse reinvented as modern workplace

The Mason Bros. building in Wynyard Quarter was officially opened by Mayor Phil Goff last night following a 13-month redevelopment.

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