News: Lend Lease Net profit rises 2%

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    Lend Lease Group (ASX:LLC) has posted a 2% rise in its full year net profit of $501 million.

     

    The global property developer’s result was impacted by $5.8 million worth of property investment write downs.

     

    CEO Steve McCann has forecast continued earnings growth in fiscal 2013, backed by its construction backlog and urban regeneration pipeline, plus profits from two commercial towers in Sydney’s CBD.

     

    Lend Lease will pay an unfranked final dividend of 22 cents per share.

 
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