Shopping Centre Investments' operating profit drops 74%
USX-listed Hub Hornby Mall owner said interest rate spikes impacted its profitability.
Shopping Centre Investments key asset is the The Hub Hornby, a shopping mall located in Christchurch.
A reduction in rent and an increase in term loan interest have been highlighted as the key reasons for Shopping Centre Investments’ sharp decline in operating profit.
Shopping Centre Investments (SCIL) filed its unaudited interim accounts for the six months ended August 31 to the Unlisted Stock
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