BWP Trust net profit falls 47% 1H18 | Finance News Network

BWP Trust net profit falls 47% 1H18

Company News

by Anna Napoli

BWP Trust (ASX:BWP) has announced net profit for the six months to June 2018 declined from $150 million to $80 million.

The Real Estate Investment Trust Company’s revenue for the six months was $76.5 million compared with $76.7 million in the prior corresponding period.

Gains in the fair value of investment properties for the full year ended June 2018 fell 37 per cent to $70 million.

The company declared a final distribution of 9.03 cents to be paid on the 24th of August.

Shares in BWP Trust (ASX:BWP) are trading 1.06 per cent lower to $3.27

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.