FINBAR expects to book a record tax profit of $12 million for the FY2008 – up substantially compared to $3 million for the same period year ago.
The company said the result will be delivered on the back of record settlements across its residential property portfolio.
Meanwhile in the commercial property portfolio, the company has secured the lease of the majority of the commercial building to be constructed on the
Meanwhile, development approval has been received for the construction of a 16,550 sqm of office space at Finbar’s 175 Adelaide Terrace property.
Finbar’s share price rose 1 cent to close at 60 cents.
Australian Property Journal
