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
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT