CDI has issued its 2021 Annual Report today

Friday 25th March 2022

The Board of CDL Investments New Zealand Limited (“CDI”) is pleased to report that the company recorded a profit after tax of $31.3 million in 2021 (2020: $30.1 million). The result reflects another very positive year of sales despite the ongoing pandemic and reinforces the continued strong demand for high quality subdivisions.

CDI’s 2021 profit before tax was $43.4 million (2020: $41.8 million). Property sales & other income totaled $92.1 million (2020: $88.8 million). At 31 December 2021, CDI’s shareholders’ funds increased to $286.4 million (2020: $257.1 million) and total assets also increased to $297.6 million (2020: $265.0 million). Net tangible assets per share (at book value) also increased to 99.6 cents (2020: 91.7 cents).

As at 31 December 2021, the independent market value of CDI’s property holdings was $359.7 million (2020: $292.8 million) which reflects the acquisitions made in 2021. At cost, the portfolio was valued at $209.1 million (2020:$164.8 million) in line with CDI’s accounting policies.

CDI 2021 Annual Report

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