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Cromwell Property Group Announces HY 2021 Results

25 Feb 2021  |  10:03:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HY21 Results Announcement

Cromwell Property Group reported half-year (HY21) statutory profit of $146.8m, equivalent to 5.59 cps, a 35.4% reduction due to a lower fair value gain on investment properties versus the prior comparable period. Operating profit was $99.1m for the half, equivalent to 3.79 cps, representing a fall of 26.8% due to the development fees from the sale of Northpoint Tower being recognised in the pcp.

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