Listed industrial property firm Property for Industry (PFI) yesterday posted a June half-year net profit of $6.58 million, up 2.7 per cent on last year.
PFI carried out 11 rent reviews over the past year and developed and acquired properties worth more than $15 million.
Rental income in the June half was $12.714 million, up 9.3 per cent on the same period a year ago. The firm has 52 fully occupied industrial properties with a gross value of more than $280 million.
General manager Ross Blackmore said PFI has 18 rent reviews scheduled for the next six months and projects would soon be completed for Harvey Norman, Amcor and SIRVA.
PFI said shareholders would get a second-quarter dividend of 1.425c a share, with imputation credits of 0.391c, payable on August 10.
Earnings per share were 3.22c, up from 3.19c in the June 2004 half-year, chairman Peter Masfen said.
Shares in the company rose 5c to $1.14 yesterday, a high for the year.
- NZPA
Property for Industry prospers
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