Property for Industry reports record profit

Monday 23 February 2004

Listed industrial property investor Property For Industry (PFI) today reported its biggest ever full-year profit of $11.59 million, a 1.8 per cent improvement on the previous year.

By The Landlord

The company said the record result for the 12 months to December 31 would allow it to increase its full year dividend by 4.7 per cent to 7.31 cents per share.

PFI chairman Peter Masfen said the company's rental income for the year at $21.90 million was up 1.7 per cent on the previous year.

Earnings per share for the year of 9.32 cents per share were up 45 per cent on the previous year, and the company will pay a final dividend of 1.73 cents per share on March 12 with a record date of March 5.

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