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Hot Topic Budget 25
Property
3 mins to read

Lockdowns affect Kiwi Property’s underlying profit

The company reinstated dividend payments with its first-half result.

Andrew Bevin Mon, 23 Nov 2020

First-half operating profit fell but reported profit surged at NZX-listed Kiwi Property as New Zealand’s biggest real estate business navigated Covid-19.

In the six months to September, operating profit was $55.2 million, down 8.4% on the 2019 first half, as Kiwi Property owns significant

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Andrew Bevin Mon, 23 Nov 2020
Contact the Writer: andrew@nbr.co.nz
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Lockdowns affect Kiwi Property’s underlying profit
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