Challenger reaffirms FY guidance

Group posts slide in H1 net profit as $9m in fair value adjustments weigh.

Challenger Diversified Property Group (CDI) has reaffirmed its full-year earnings and distribution guidance, despite a slip in first-half net profit primarily due to fair value adjustments.

In the six months to December 31, Challenger posted a net profit of $15.17 million, a 27% decline on the previous corresponding period's $20.80 million.

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