Investa’s results down for 1HY18

Company News

by Anna Napoli

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

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.