- Release Date: 31/07/13 12:13
- Summary: HALFYR: CDI: CDI: 2013 H1 Results (Media Release)
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CDI 31/07/2013 10:13 HALFYR REL: 1013 HRS CDL Investments New Zealand Limited HALFYR: CDI: CDI: 2013 H1 Results (Media Release) 31 July 2013 CDL INVESTMENTS INCREASES 2013 HALF-YEAR PROFIT BY 50%. Property development and investment company CDL Investments New Zealand Limited (NZX:CDI) today released its (unaudited) results for the six months to 30 June 2013 and announced an operating profit of $5.733 million (30 June 2012: $3.834 million) on revenue of $15.816 million (30 June 2012: $10.901 million). Managing Director Mr. B K Chiu said that CDI had recorded increased sales to date and these had been primarily sourced from Auckland and Hamilton. "Our Stonebrook subdivision in Rolleston has sold well. Two stages have been substantially completed and sales will settle in the second half of this year. Hamilton is still a good market for the Company and we have also seen sales activity in Hawkes Bay, Nelson and Queenstown", he said. Mr. Chiu said that CDI was working on further stages in Hamilton to meet market demand. "We are also looking to commence earthworks on our Prestons Road site in Christchurch before the end of the year and we are targeting making sales in the first half of 2014". Mr. Chiu also said that CDI was confident of bettering its previous year-end results. "Given our strong sales to date, we are on track to better our 2012 results in 2013", he said. 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 8077 / (09) 3535005 End CA:00239134 For:CDI Type:HALFYR Time:2013-07-31 10:13:54
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- Ann: HALFYR: CDI: CDI: 2013 H1 Results (Media Rel
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