New Zealand Rural Land Co. Ltd.NZX: NZL

NZL: Net profit surged 113% to $23.1 million, fueled by rental growth and asset revaluation gains

· Issued by New Zealand Rural Land Co. Ltd.

Net profit more than doubled to $23.1 million, driven by higher rental income and fair value gains. Major portfolio expansion and a 25% stake sale to Land Trust strengthened the balance sheet, while new orchard and forestry acquisitions diversified income.

Original document:

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

Company analysis

Earlier from New Zealand Rural Land

All New Zealand Rural Land news releases