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Article: Centro Properties Group notches up record profits.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 22, 2006
CopyrightCOPYRIGHT 2006 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Darin Tyson-Chan
Aug 22, 2006 (Money Management - ABIX via COMTEX) -- Centro Properties Group has released its annual results for 2005-06, reporting that its funds under management (FUM) rose 26.4%. The Australian company's FUM increased from $A9.1 billion to $A11.5 billion, largely as a result of the $A813 million worth of acquisitions it made in the US during the reporting period. Centro's distributable operating earnings for 2005-06 increased by 16.5 per cent to a record $A259.3 ...