News and Announcements
APN Property Group Earnings Upgrade
- Published January 18, 2016 3:09PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
18th January 2016, ASX Announcement
APN is pleased to announce that it has upgraded its full year Operating Earnings Guidance by approximately 56% to between 3.20 and 3.50 cents per share, following the determination of market based performance fees for the 6 month period ended 31 December 2015. Further information, including a detailed review of year to date performance, will be included in APN’s interim financial report scheduled to be released late February 2016.
Operating Earnings is used by Management as the key performance measure of APN’s underlying performance. Its excludes certain items recorded in the income statement including discontinued operations and fair value movements on the Group’s co-investments.
To view the full announcement, please click here.
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