- Release Date: 22/02/13 15:32
- Summary: FLLYR: CDI: CDI: FY2012 Media Release
- Price Sensitive: No
- Download Document 2.27KB
CDI 22/02/2013 13:32 FLLYR REL: 1332 HRS CDL Investments New Zealand Limited FLLYR: CDI: CDI: FY2012 Media Release CDL INVESTMENTS NEW ZEALAND'S 2012 PROFITS INCREASE BY 146% Property development company CDL Investments New Zealand Limited (NZX: CDI) today reported its results for the year ended 31 December 2012. CDI increased its profit after tax by 145.6% to $9.3 million (2011: $3.8 million) Revenue increased by 131.1% to $27.0 million (2011: $11.7 million) over the previous year. The Company said that the result was its best in the past five years. "We are pleased to have delivered a very positive result which reflects careful management, a high-quality product and pricing that is attractive to the market", said Managing Director Mr. B K Chiu. CDI's land portfolio was independently valued at the end of 2012 at $157.9 million at 31 December 2012, down from $162.7 million in 2011. The decrease reflected increased sales of land and the fact that CDI did not make any new acquisitions in 2012. Reflecting the increased profit, CDI increased its ordinary dividend to 1.7 cents per share fully imputed (2011: 1.4 cents per share fully imputed) and payable on 10 May 2013. The Record date would be 26 April 2013. The Dividend Reinvestment Plan would apply to this dividend. Mr. Chiu also said that CDI was looking to better its 2012 profits in 2013. "To do that, we need to maintain our current sales tempo and that means making sure we have the right sections for sale in the right places. We have accelerated development in areas where we are seeing demand and demand is strongest in Auckland, Hamilton and Canterbury. That is where we will direct our focus in 2013", he said. Summary of results: --Profit after tax: $9.3 million (2011: $3.8 million) --Profit before tax: $12.9 million (2011: $5.4 million) --Total group revenue: $27.0 million (2011: $11.7 million) --Shareholders' funds: $106.5 million (2011: $98.0 million) --Total assets: $108.0 million (2011: $99.2 million) --Net tangible asset value (at book value): 39.6 cents per share (2011:37.6cps) --Earnings per share: 3.50 cents per share (2011:1.47cps) ENDS Issued by CDL Investments New Zealand Limited Enquiries to: B K Chiu Managing Director (09) 353 5058 End CA:00233339 For:CDI Type:FLLYR Time:2013-02-22 13:32:14
- Forums
- NZX - By Stock
- CDI
- Ann: FLLYR: CDI: CDI: FY2012 Media Release
Ann: FLLYR: CDI: CDI: FY2012 Media Release
Featured News
Add CDI (NZSX) to my watchlist
(20min delay)
|
|||||
Last
73.5¢ |
Change
-0.005(0.68%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
73.0¢ | 73.5¢ | 73.0¢ | $5.946K | 8.125K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 10866 | 73.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 2366 | 0 |
Last trade - 10.14am 03/10/2024 (20 minute delay) ? |
Featured News
CDI (NZSX) Chart |