The commercial property owner increased income on higher rents and developments, while lower interest costs also supported earnings.
42 minutes ago
Argosy's Neilson Street site in Onehunga.
Property investor Argosy has reported a steady full-year profit on rental growth and revaluation gains, despite a more uncertain market environment.
Key numbers for the year ended March compared with a year ago:
Net profit $127.7m vs $125.9m
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Real estate division Swire Properties is making good progress with its US$12.7 billion investment plan, chairman Guy Bradley says.
Revenue slipped 5.5% to $270.2m, while net debt fell by $63m to $102.1m.
