Charter Hall Delivers Strong Performance; Statutory Profit After Tax $143.5 Million

25th February 2016, ASX Announcement

Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced its half year results for the six months to 31 December 2015.

Half Year Financial Results Summary

• Statutory profit after tax of $143.5 million, up 259.6% from pcp, including $89m property valuation gains
• Operating earnings of $61.2 million, up 26.3% from pcp
• Operating earnings of 15.0 cents per security up 9.5% over pcp
• NTA growth of 22 cents per security to $2.98, up 8.0%
• Distribution of 13.3 cents per security up 9.9% over pcp

Key Achievements for the six months to 31 December 2015

• 17.0% growth in funds under management to $15.9 billion
• Secured of $730 million of gross equity flows with $532 million of net flows post investor equity returns
• Completed $1.7 billion of property transactions
• Deployed $97 million (net) in Property Investments which together with the $89 million of net revaluations increased Property Investments to $1.13 billion

To read the full announcement, please click here.

To view the Half Year Results Presentation, please click here.

To view the Interim Financial Report, please click here.