Well this is a nice surprise. 2021 valuation of shopping centre and adjacent land of $ 83.6 m. In books this year at cost of $ 38.6 m.
Profit of $ 45 m minus tax ( 30% ? ) = $ 31.5 m. 82 mill shares on issue = 38 cents per share.
2022-23 bottom line promises to be quite respectable.
I think this assessment is correct.
GLTA
Riv
Ann: CWP to sell Williams Landing Shopping Centre, page-2
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