Business
Here’s why the BWP (ASX:BWP) share price is heading higher today
The BWP Trust (ASX: BWP) share price is on the move on Wednesday following the release of its half year update.
At the time of writing, the commercial property company’s shares are up 1% to $4.33.
How did BWP perform in the first half?
This morning the Bunnings landlord delivered a half year result that was largely flat on the prior corresponding period.
For the six months ended 31 December, BWP reported revenue of $76.1 million, which compares to $76.25 million for the same period last year.
It was a similar story for its profit before gains on investment properties, which came in at $56.9 million. This compares to $57.15 million a year earlier.
However, its overall profit for the first half climbed 6% over the prior…
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