Investore profit falls 150% on property revaluation
Chair Mike Allen said Investore had delivered a 'resilient' operating earnings result.
Countdown Petone is part of Investore's portfolio.
Investore Property made an after-tax loss of $27.7 million in the six months to September 30, down 149% on the $56.9m profit it made in the same half last year.
The decline was primarily due to the fair value of its property portfolio dropping $42.7m, due to softening capitalisation across the
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