logo
Share SHARE
FONT-SIZE Plus   Neg

Cromwell Property Group H1 Operating Earnings Up 13%

Redefine International Plc. (RDI) announced that its associate company, the Cromwell Property Group, has released its half year results for the period ended 31 December 2011. Cromwell is an Australian Property Trust listed on the Australian Stock Exchange, in which the Company currently has a 23.2% interest held through its wholly-owned subsidiary Redefine Australian Investments Limited.

Operating earnings were $37.0 million up 13% from last year.

Earnings from property investments of $37.5 million, up 15% from the prior year period.

For year ending 30 June 2012, the company maintained operating earnings guidance of 7.3 cps and distributions guidance of 7.0 cps.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
GoPro has just launched a facile camera, its smallest and lightest yet, as the action-camera sports maker seeks to further entice its adventure-seeking consumers. Oreo, the popular two chocolate wafers with a sweet crème filling in between has now got a new look. With about half the width of the regular Oreo, the new Oreo Thins will be thinner and slightly reduced in calorie. It will be available from July 13 with no change in its cookie taste and price tag. The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares.
comments powered by Disqus
RELATED NEWS
Trade RDI now with 
Follow RTT