ING investments boost profit

Listed property investor ING Medical Properties Trust said strategic investments have helped boost its interim net profit by 3 per cent.

The company booked a net profit of $5.32 million for the six months to December, on the back of revenue worth $8.71 million, up 13 per cent.

The profit was up 24 per cent before unrealised currency and interest rate swap movements. The company will pay an interim dividend of 2.1c compared with 0.35c per unit.

During the period, revenue from property grew 8.3 per cent to $10.5 million.