Stride Stapled Group Reports Consolidated Earnings Results for the Year Ended March 31, 2018
Stride Stapled Group reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported rental income of NZD 65,295,000 compared to NZD 64,564,000 a year ago. Net rental income was NZD 57,610,000 compared to NZD 57,930,000 a year ago. Profit before income tax from continuing operations was NZD 100,795,000 compared to NZD 62,074,000 a year ago. Profit after income tax from continuing operations was NZD 95,254,000 compared to NZD 54,203,000 a year ago. Total comprehensive income after tax attributable to shareholders was NZD 94,752,000 compared to NZD 59,583,000 a year ago. Diluted earnings per share from continuing operations were 26.06 cents compared to 14.85 cents a year ago. Diluted earnings per share from continuing and discontinued operations were 26.06 cents compared to 14.61 cents a year ago. Net cash provided by operating activities was NZD 39,025,000 compared to NZD 34,929,000 a year ago. Capital expenditure on investment properties was NZD 20,114,000 compared to NZD 6,768,000 a year ago. Inventory development property expenditure was NZD 2,206,000 compared to NZD 23,799,000 a year ago. Intangible asset expenditure was NZD 988,000. Property, plant and equipment purchased were NZD 200,000 compared to NZD 408,000 a year ago.