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DNZ revaluations pump up result

Chris Hutching for NBR NZ Property Investor
Wed, 29 May 2013

DNZ’s annual report proved a win for its public relations strategy.

Many news headlines touted the company’s line about soaring profits because the bottom line result was up 119% to $45.5 million for the March 2013 year.

But this includes $16.4 million of unrealised property revaluation

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Chris Hutching for NBR NZ Property Investor
Wed, 29 May 2013
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DNZ revaluations pump up result
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