FKP Property Group has booked an operating profit after tax of $54.8 million for the six months to December 31, 2006 – up 18% over last year.
The group’s interim net profit stated under AIFRS was $87.5 million, up 83% over the 2005.
FKP has declared directors confirm the estimate provided in December 2006 of a dividend/distribution of 15.2 cents per security for the December half, up 7%. This will be paid on April 13, 2007.
The group has also made in steps into
FKP has formed a working relationship with Tian An China Investments Company Limited, a property development and investment company listed on the Hong Kong Stock Exchange with a market capitalisation of approximately $A1 billion.
Tian An has been successfully developing in
FKP’s managing director Peter Brown said the operating outlook for the balance of 2006/2007 is positive, with operating earnings expected to be higher in the second half.
The group is maintaining its target of 10% growth in distributions for the year.
Australian Property Journal