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BWP Trust Reports NPAT Up 52.8% to $48.83m for the Half Year to 31 December 2012
12 Feb 2013 | 15:16:00 | Associate analysts | Increase | Decrease | 
Original announcement: Half-Year Results to 31 December 2012
BWP Trust reported NPAT up 52.8% to $48.83m for the half-year ended 31 December 2012. Revenues from ordinary activities were $54.0m, up 9.3% from the same period last year. The increase in revenues was mainly due to growth of the property portfolio during or since the corresponding period - from acquisitions and improvements to investment properties (adding approximately $3.2m) and rent reviews (adding approximately $1.5m). Basic and Diluted EPS was 9.2 cents compared to 6.15 cents last year. Net operating cash flow was $36.87m compared to $34.92m last year. The interim dividend declared was 7.00 cents compared with 6.63 cents last year. Property income for the second half of 2012/13 will include a full six months rental income the Bunnings Warehouse-anchored homemaker centre in Gladstone, Qld, acquired in September 2012.
BWP Trust Half Year Results to 31 December 2012
| 6 Months to 31 December 2012 (A$'000) | 6 Months to 31 December 2011 (A$'000) | |
| Revenue | 53,999 | 49,397 |
| Pre-Tax Profit | 37,361 | 34,519 |
| Net Profit | 48,833 | 31,955 |
| Operating Cash Flow | 36,869 | 34,915 |
| Interim Dividend (cents) | 7.00 | 6.63 |
| Basic and Diluted EPS (cents) | 9.20 | 6.15 |
| NTA ($) | 1.87 | 1.87 |
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