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Fire and floods weigh on Tower’s profit

But the company will pay its first dividend since 2016 in July.

NZX-listed insurer Tower has confirmed its first dividend since 2016 but the Lake Ōhau village fire and severe flooding in Napier have weighed on its half-year profit.

Tower today said its net profit after tax in the six months to March 31 was down 19% to $12 million.

This included the

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Hamish McNicol Wed, 26 May 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Fire and floods weigh on Tower’s profit
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