SCA's first-half profit up 125% to $205m

Rising investment property values have helped SCA Property Group's first-half profit more than double and the company has raised it's dividend 6.7 per cent.

SCA Property Group's first-half profit has more than doubled to $204.7 million after the material value of its investment properties increased.

The property developer's revenue from continuing and ordinary activities lifted 20 per cent to $108 million in the six months to December 31 while its funds from operations rose 9.6 per cent to $53.5 million.

SCA will pay an interim distribution of 6.4 cents per unit, up 6.7 per cent from the prior corresponding period.