Riding the high property market scores Argosy $66m profit
High valuations made profits soar.
Argosy posted a profit of $66.8 million for the last half-year, up significantly from $23.1m from the March 18 half year.
Argosy chief executive Peter Mence says the profit was powered by high asset valuations and selling properties for well above book value.
A valuation of the company’s
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