Real estate trust company Investa
(ASX:IOF) has reported its net profit after tax (NPAT) fell 33 per cent to $151 million dollars for the half year to December 2017.
The company’s revenue was also down 8 per cent to $98 million on the prior corresponding period.
Investa’s operating earnings fell from $75 to 73 million.
The company’s Interim distribution of 10.15 cents will be paid on the 28th of February.
The weaker results came on the back of a drop in fair value gains for their properties, over $89 million dollars lower than the prior corresponding period.
Shares in Investa
(ASX:IOF) are trading 0.59 per cent lower to $4.25
