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ARA Asset's Q4 profit up 25% at $22.1m
Published Thu, Feb 20, 2014 · 10:00 PM
ARA Asset Management saw net profit for the fourth quarter ended December jump 25 per cent from $17.69 million to $22.13 million on the back of revenue rising 19 per cent to $43.83 million.
This was boosted by its acquisition, divestment and performance fees which increased to $11.8 million from $1.5 million a year ago, thanks to fees received in relation to Fortune Reit's acquisition of Kingswo…
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