Covid-19 hit Millennium & Copthorne Hotels NZ Ltd’s returns for the June half-year because its main business is international tourism, but the company stayed ahead through the returns from its residential development subsidiary, CDL Investments NZ Ltd, and a tax credit.
Read more →CDL Investments
CDL profit slips on steady revenue
NZX-listed residential land developer CDL Investments NZ Ltd reported reduced half-year profit on slightly higher revenue last week.
Read more →Hotelier to cut over 900 jobs, land developer CDL in good shape
Millennium & Copthorne NZ Ltd director Graham McKenzie told the company’s online annual meeting yesterday 910 of the company’s 1300 employees would lose their jobs as a result of the Covid-19 changes to its business.
Read more →CDL confident land sales will stand
Residential land developer CDL Investments Ltd said on Wednesday it was confident all unconditional land sale agreements it holds will settle this year.
Read more →Hotelier sees longlasting effects from restrictions, development subsidiary still busy
Millennium & Copthorne Hotels NZ Ltd managing director BK Chiu said today the Government’s new border entry restrictions due to the Covid-19 virus would have potentially longlasting effects on its hotel trading & operations.
Read more →Millennium & Copthorne Hotels income up, profit steady, virus hits bookings
Millennium & Copthorne Hotels NZ Ltd lifted its income by 35% in 2019 and scored a net jump of over 150% in revaluations/impairments, but increased net profit by only $312,000.
Read more →CDL sustains earnings, asset values jump
CDL Investments NZ Ltd’s annual earnings from its land subdivision business were up marginally, but the company’s asset values have jumped.
Read more →Lower land sales slash CDL profit
CDL Investments NZ Ltd’s first-half profit slipped by $10 million – 40% – as it confirmed a softening in the residential development market.
Read more →Scottish fund manager lifts stakes in Millennium & Copthorne and CDL
Scottish investment manager Aberdeen Standard Investments Ltd has lifted its stake in 2 NZX-listed companies controlled by the Hong Leong Group of Singapore – to 13.24% for its stake in Millennium & Copthorne Hotels NZ Ltd and 8.38% in CDL Investments NZ Ltd.
Read more →CDL lifts profit by 25% despite big spend on new land
Listed residential land developer CDL Investments NZ Ltd settled the purchase of over 100ha of new development land in the June half-year and still lifted net profit by 25%.
Read more →CDL lifts dividend on 19% profit rise
CDL Investments NZ Ltd lifted after-tax profit by 19% in the year ended 31 December, from $27 million to $32.2 million – the 8th consecutive year of profit growth for the company.
Read more →CDL more than doubles land investment warchest
NZX-listed residential subdivider CDL Investments NZ Ltd has increased its investment warchest by $40 million in the last 12 months while depleting its landholdings by $20 million (at cost) over the last 18 months.
Read more →Section sales boost CDL return
A 33.6% jump in residential section sales lifted returns right through CDL Investments NZ Ltd in the June half, and flowed through to the returns for Millennium & Copthorne Hotels NZ Ltd.
Read more →CDL launches Prestons Park
NZX-listed residential property developer CDL Investments NZ Ltd launched the sales programme for its Prestons Park development in Christchurch yesterday.
Read more →Corrected: Propbd on Q Th30July15 – 4 units sell at Ray White auction, CDL slips, Heartland on track
4 apartments sell at Ray White’s – CDL Investments slips – Heartland expects profit at top of guidance range
Read more →CDL lifts return
CDL Investments NZ Ltd increased net profit after tax by 9.7% last year to $14.7 million ($13.4 million in 2013), on the sale of 248 sections (202).
Read more →CDL lifts sales & profit, warns of market softening, buys more land in Auckland
CDL Investments NZ Ltd has lifted its half-year operating profit before & after tax by 43.3%.
Read more →CDL says it needs big cash holding to replenish stocks
CDL Investments NZ Ltd rejected a shareholder claim at the annual meeting yesterday that it had capital lying idle which could be distributed or put to other use.
Read more →Propbd on Q T27May14 – M&C investors may get stake in Chinese developer, CDL lifts section sales, supermarket site sells, alcohol policy panel named
Millennium & Copthorne shareholders likely to get individual stakes in Chinese developer – CDL lifts section sales – Old Browns Bay New World site sells – Alcohol policy hearings panel named
Read more →Section sales lift CDL profit 44%
CDL Investments NZ Ltd increased profit after tax by 44.1% to $13.4 million in 2013 ($9.3 million in 2012) as land sales & development increased. Pretax profit rose by $5.7 million to $18.6 million on sales up 64% to $18.6 million from 202 section sales (123 the previous year). Shareholders’ funds stood at $118.9 million […]
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