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 →CDL Investments
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 […]
Read more →CDL Investments lifts profit more than 200%
Published 3 August 2012 CDL Investments NZ Ltd recorded its best half-year result in 4 years with a $3.8 million after-tax operating return for the June half. That’s up from $1.2 million last year, on a doubling of property sales, from 26 to 53. Pretax operating profit was $5.3 million ($1.7 million last year). Chairman […]
Read more →CDL board says it wants profit doubled
Published 22 May 2012 CDL Investments NZ Ltd’s board has told its executives to double profit this year, and managing director BK Chiu told the annual meeting in Auckland today the company had the landbank to do it. Listed land subdivider CDL lifted section sales from 54 in 2010 to 77 last year. In the […]
Read more →CDL profits from 43% lift in section sales
Published 23 February 2012 CDL Investments NZ Ltd increased after-tax profit for the December year by 30.1% to $3.8 million on revenue up 20.4% to $11.7 million. Section sales increased from 54 to 77. Managing director BK Chiu said the company increased sales out of Hamilton & Canterbury and the value of its land portfolio […]
Read more →CDL warns against share offer from Briggs’ Zero Commission – but it’s not low-ball
Published 1 December 2011 CDL Investments NZ Ltd warned investors yesterday against an unsolicited offer 23% below the company’s net asset backing of 36.6c/share. What chairman Wong Hong Ren didn’t say, though, was that the 28c/share offer from Zero Commission NZ Ltd was only one cent below the bottom of the CDL price rage of […]
Read more →