NPT Limited – 2017 Interim Results

FOR IMMEDIATE RELEASE

22/11/16

NPT Limited Releases – 2017 Interim Result

NZX-listed property company NPT Limited today announced a trading profit of $3.390 million for the six months to 30 September 2016, a 2.26% increase on the same period in 2015. Gross rental income decreased by 0.47% from $8.466 million in September 2015 to $8.426 million in September 2016. Net profit after tax to 30 September 2016 was $2.531 million, down 50.13% from $5.076 million in the same reporting period in 2015. No valuations were carried out at half year. Full valuations will be carried out 31 March 2017 which will include the value of projects carried out through the year. Net Tangible Asset Backing (NTA) as at 30 September 2016 was 73.77 cents per share (30 September 2015, 73.68 cents per share). NPT’s property portfolio has increased in value by 3.93%, growing to $169.854 million in September 2016 compared with $163.420 million in September 2015.

Shareholders will receive a cash dividend of .90 cents per share for the quarter ended 30 September 2016 with Imputation Credits of .1544 cents per share attached.
ENDS