Hedging losses drag Kiwi Property first-half net profit down 23.8%

Kiwi Property Group's first-half net profit fell 23.8 percent as the value of its hedging dropped amid falling interest rates. Net profit for the six months ended September fell to $36.8 million from $48.3 million a year earlier, with funds from operations falling to $51.9 million from $52.3 mill... 

Read the full story at BusinessDesk 

https://businessdesk.co.nz/article/hedging-losses-drag-kiwi-property-first-half-net-profit-down-238

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November 5th Morning Report