Residential land developer CDL Investments Ltd said on Wednesday it was confident all unconditional land sale agreements it holds will settle this year.
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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 […]
Read more →CDL achieves milestones at 2 Canterbury subdivisions
NZX-listed residential property developer CDL Investments NZ Ltd has achieved 2 milestones at its Canterbury subdivisions.
Read more →CDL lifts profit by 50%
CDL Investments NZ Ltd increased its half-year after-tax operating profit by 50% to $5.7 million ($3.8 million last year) on pretax profit also up 50%
Read more →Jump in section sales lifts CDL profit
CDL Investments NZ Ltd increased net profit after tax by 146%, from $3.8 million to $9.3 million, in 2012. The result was the land development company’s best since 2007, reflecting increased sales of residential sections in its portfolio of subdivisions. Pretax profit was $12.9 million ($5.4 million). Property sales & other income was $27 million […]
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