CDL Investments New Zealand Posts Higher Fiscal Year 2024 Earnings as Revenue Rises; Shares Up 5%

MT Newswires Live

2025/02/24

CDL Investments New Zealand (NZE:CDI) reported Monday full-year diluted earnings of NZ$0.0528 per share, up from NZ$0.0464 per share a year earlier.

Revenue for the 12 months to Dec. 31, 2024, was NZ$49.1 million, up 57% from NZ$30.8 million a year ago.

The board declared a dividend of NZ$0.035 per share, the same as in the previous reported period, payable on May 16 to shareholders of record as of May 2.

The residential property developer's shares were up 5% in recent trade.

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