BWP Trust reports half year results

Company News

by David Chau

BWP Trust (ASX:BWP) has released its half year results for the period ended 31 December 2016, reporting a 1 per cent increase in revenue to $75.75 million.

Its net profit from ordinary activities for the half year came in $73.36 million, a 68 per cent decline on the previous corresponding period’s $226.8 million profit.

The company says rent reviews are expected to contribute incrementally to property income for half-year to 30 June 2017.

BWP's interim distribution came in at 8.63 cents per unit, a 4.1 per cent increase on the December 2015 half year result. 

It also expects distribution per unit growth of about 3 per cent for financial year ending 30 June 2017.

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