** Shares of Precinct Properties New Zealand PCT.NZ fall 4.4% to NZ$1.185, their lowest level since Dec. 31, 2024
** Business space developer logs 75% year-on-year drop in net profit for HY
** Also logs 16.9% decline in operating profit before income tax, attributed to increase in net interest expense
** Confirms FY25 dividend guidance of 6.75 NZ cents per share
** Stock up ~1.7% YTD, including current session's moves
($1 = 1.7541 New Zealand dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.