Share
- Release Date: 02/08/12 18:24
- Summary: GENERAL: CDI: CDI: 2012 H1 Results (Media Release)
- Price Sensitive: No
- Download Document 1.45KB
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
