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AUSTRALIA'S GENERAL PROPERTY TRUST DECLARES H1 DIVIDEND.
SYDNEY, Aug 1 Asia Pulse - General Property Trust today reported a distribution of 10.1 cents per share for the six months to June 30, 2002.
It said this reflected the continuing positive trend in the Trust's underlying earnings and distributions.
GPT said the increase in earnings and distribution reflects three per cent growth over the previous corresponding period.
Unitholders will receive a distribution for the June 2002 quarter of 5.1 cents per unit, with 40.4 per cent of the distribution being tax advantaged.
General Property Trust (GPT) yesterday reported a net profit for the half year of A$192.5 million (US$104.24 million), up from A$178.9 million (US$96.87 million).
GPT Management Ltd chief executive Nic Lyons said GPT enhanced its growth profile in what remains an uncertain economic environment.
"The three per ...
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