Article – BusinessDeskMay 22 (BusinessDesk) – Kiwi Property Group posted a 43 percent fall in annual profit as the value of its property portfolio rose at a slower pace than a year earlier, and it expects more moderation in the broader real estate market.Monday 22 May 2017 09:23 AMKiwi Property annual profit falls 43% as portfolio value appreciation slowsBy Paul McBethMay 22 (BusinessDesk) – Kiwi Property Group posted a 43 percent fall in annual profit as the value of its property portfolio rose at a slower pace than a year earlier, and it expects more moderation in the broader real estate market. The value of Kiwi Property's property portfolio rose to $2.97 billion as at March 31 from $2.67 billion a year earlier, due largely to the acquisition of a half-stake in Waikato Tainui-owned The Base retail site near Hamilton. The company will pay a full-year dividend of 6.75 cents per share, in line with guidance, and up from 6.6 cents a year earlier. The difference was largely due to a $41 million increase in the fair value of Kiwi Property's portfolio in the latest financial year, compared to a $175.9 million boost in 2016. It projects that will increase to 6.85 cents per share in the 2018 financial year.
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Article – BusinessDeskMay 22 (BusinessDesk) – Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator's expanding portfolio of early childhood education centres.Monday 22 May 2017 09:50 AMEvolve Education lifts annual profit 1.5% on expanding portfolioBy Rebecca HowardMay 22 (BusinessDesk) – Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator's expanding portfolio of early childhood education centres. As of May 22, the company's portfolio numbered 120 early childhood education centres, up from 105 a year earlier. Evolve will shortly operate its portfolio of centres under five brands, a significant reduction from the 64 that it use today. Evolve offers both centre-based and home-based ECE, operating under various brands including Lollipops Educare, Leaps and Bounds, Porse and Au Pair Link. Profit increased to $15.9 million, or 8.9 cents per share, in the 12 months ended March 31 from $15.6 million, or 8.8 cents, a year earlier, the Auckland-based company said in a statement.
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Article – BusinessDeskMay 22 (BusinessDesk) – Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator's expanding portfolio of early childhood education centres.Monday 22 May 2017 09:50 AMEvolve Education lifts annual profit 1.5% on expanding portfolioBy Rebecca HowardMay 22 (BusinessDesk) – Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator's expanding portfolio of early childhood education centres. As of May 22, the company's portfolio numbered 120 early childhood education centres, up from 105 a year earlier. Evolve will shortly operate its portfolio of centres under five brands, a significant reduction from the 64 that it use today. Evolve offers both centre-based and home-based ECE, operating under various brands including Lollipops Educare, Leaps and Bounds, Porse and Au Pair Link. Profit increased to $15.9 million, or 8.9 cents per share, in the 12 months ended March 31 from $15.6 million, or 8.8 cents, a year earlier, the Auckland-based company said in a statement.
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collected by :Jack Luxor
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