- Release Date: 02/08/12 18:24
- Summary: GENERAL: CDI: CDI: 2012 H1 Results (Media Release)
- Price Sensitive: No
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CDI 02/08/2012 16:24 GENERAL REL: 1624 HRS CDL Investments New Zealand Limited GENERAL: CDI: CDI: 2012 H1 Results (Media Release) CDL INVESTMENTS INCREASES 2012 HALF-YEAR PROFIT BY 218%. Property development and investment company CDL Investments New Zealand Limited (NZX:CDI) today released its (unaudited) results for the six months to 30 June 2012 and announced an operating profit of $3.834 million on revenue of $10.901 million. Commenting on the best half-year result for the Company in the last four years, Managing Director Mr. B K Chiu said that the Company had continued to see increased sales out of Auckland and Hamilton and this was reflected in the increased half-year result. "The improved sales results have come from our CrestView, Harrowglen, Ashmore and Magellan Heights subdivisions", he said. CDI was also working on obtaining additional consents for further stages at its key subdivisions including its land holdings at Prestons Road, Christchurch and Rolleston. "The demand is there in certain growth markets and we are focusing on meeting it. The market is giving us clear signals at present", Mr. Chiu said. Mr. Chiu also said that CDI was confident of bettering its 2011 result. ENDS Issued by CDL Investments New Zealand Ltd Any inquiries please contact: B K Chiu / Takeshi Ito Managing Director / Company Secretary CDL Investments New Zealand Ltd (09) 913 8005 (09) 913 8077 End CA:00225603 For:CDI Type:GENERAL Time:2012-08-02 16:24:53
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- Ann: GENERAL: CDI: CDI: 2012 H1 Results (Media Re
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