GenProp in profit
Wellington reporter
High interest rates, low consumer spending and a slow property market have significantly affected profitability in the last 12 months, according to the General Properties Corporation, Ltd, 1985 annual report. The chairman, Mr Bob Gunn, says the merged company (Northgate Properties and General Properties Consolidated) is in a strong financial position with a property portfolio which should ensure continued growth.
The accounts show an audited tax-paid surplus of $5,068,000 of which S2.BM came from unrealised increases in property values and $550,000 from an extraodinrary capital gain on the disposal of investments.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19860226.2.147.5
Bibliographic details
Press, 26 February 1986, Page 33
Word Count
96GenProp in profit Press, 26 February 1986, Page 33
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in