Urbus lifts H1 profit 12% to $13.6m

Urbus' profit was achieved on operating revenue of $24.98m, slightly up on last year, the company said in a statement to the NZX.

Urbus said a lease surrender payment made by supermarket operator Foodtown for their lease at Waitakere Plaza was a contributing factor in the profit increase.

Urbus chairman Denis Thom said the company would pay a partly imputed interim divide...