Phileo has returned to profit, booking a net profit after tax of $3.19 for the six months to December 31, 2006.
The result is a better result compared to a net loss of $539,000 recorded in the previous corresponding period.
Phileo’s revenue for the period jumped 99% to $7.5 million.
At December 31, 2006 the consolidated entity’s property portfolio had a carrying value of $88.23 million.
At December 31, 2006, Phileo’s net tangible asset backing was 63 cents, up from 54 in December 2005.
Earnings per share during the period was 11.02 cents profit, up from 1.86 cents in 2005.
No dividend was declared.
Australian Property Journal
