FY20 Becomes a Challenging Year for Augusta

  • Jun 28, 2020 NZST
  • Team Kalkine
FY20 Becomes a Challenging Year for Augusta

In FY20 ended 31 March 2020, Augusta Capital Limited (NZX:AUG) reported a net loss of $27.05 million, that declined from a profit of $6.95 million in the previous year, mainly due to material write downs to the company’s development property and assets.

Other key highlights:

  • Reported adjusted funds from operations (AFFO) stood at $0.23 million, declined from $7.74 million in the previous year;
  • Total assets under management now stand at $1.80 billion;
  • In FY20 $107.6 million of acquisitions were finalized within the managed portfolio.

 


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