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Business Description: CNPR Group (CNP) is an Australian REIT listed on the ASX. The company have funds under management across Australasia totalling $7.1 billion. The company invests in shopping centres via listed and unlisted property investment funds.
Strategy Analysis: CNP's focus remains on the retail property sector, in particular neighbourhood and sub-regional retail property assets. Growth has come primarily through acquisitions and movement into the US market. Due to the challenging economic environment, a focus back to the fundamentals of property management has been necessary for the company. Organic growth is expected, in time, through the ongoing redevelopment of retail property assets.
Centro Properties reported NPAT of $2,744.57m for the year ended 30 June 2011. Revenue from ordinary activities were $1,333.17m, down 26.21% from last year. Basic and Diluted EPS were 284.54 cents compared to (67.96) cents last year. Net operating cash flow was $86.64m compared to $467.32m last year. No dividend was declared.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...