Abacus: Interim result 2013

This property group’s long-term, contrarian approach is a sound one. And following a decent interim result it returns to the buy list.

Abacus Property Group has produced another decent interim result. For the half-year ended 31 December underlying earnings rose 7% to $42.4m, and from operating earnings per share of 9.59 cents per security a 8.25 cent distribution was declared (unfranked, ex date already passed).

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