Shopping Centres Australasia Property Group RE Ltd. (AU:RGN) has released an update.
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Shopping Centres Australasia Property Group RE Ltd., under the name Region Group, reported a substantial turnaround with a net profit of $17.3 million for the year ended June 30, 2024, recovering from the previous year’s $123.6 million loss. Despite a slight revenue increase to $380.4 million, the company experienced a dip in Funds from Operations by 7.3% and a decrease in net tangible assets per security. Shareholders received total distributions of 13.70 cents per stapled security, with the final distribution of 7.00 cents to be paid in late August.
For further insights into AU:RGN stock, check out TipRanks’ Stock Analysis page.
