• Most Popular
  • Most Shared

NZ's AMP Office Trust says to deliver higher returns

Wed Feb 4, 2009 3:12pm EST

Stocks

   

WELLINGTON, Feb 5 (Reuters) - Commercial Property investor AMP New Zealand Office Trust (APT.NZ) said on Thursday it was on track to deliver higher distributions to investors in the year to June 2009.

ANZO said its interim distribution for the three months to December was 1.824 cents per unit, which should result in a higher full year distribution.

The company said operating profit after tax for the six months to December rose 1.8 percent to NZ$27.1 million ($14 million).

Shares in ANZO closed on Wednesday at NZ$0.92, having ranged between NZ$0.91 and NZ$1.28 over the past year. ($1=NZ$1.97)



More from Reuters

Photo

Bank of America names Moynihan next CEO

NEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.

» More Top News
An office worker is reflected in the pavement as he walks with an umbrella in Singapore's financial district October 8, 2008.REUTERS/Vivek Prakash
Analysis:

Death of a salesman

Old-style sales reps may be fading thanks to a shift in the pharmaceutical market that has created a new gatekeeper in drug sales.  Full Article 

Healthcare
Marine from Delta Company of 2nd Light Armored Reconnaissance Battalion patrols near the town of Khan Neshin in Rig district of Helmand province, southern Afghanistan September 10, 2009. REUTERS/Goran Tomasevic

A bloody fight looms

Marines on the frontlines of the Afghan surge in Helmand Province are ramping up for a battle that their commander says will be the "end of the line" for insurgents.  Full Article 

AFGHANISTAN