News: Lend Lease: projects in pipeline

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    Lend Lease Group (ASX:LLC) says it is well positioned for the year ahead with a substantial pipeline of projects.


     


    Addressing shareholders at the group's annual general meeting, chief executive officer Steve McCann said the group had a strong backlog of work, a strong balance sheet and access to third party capital to assist funding the delivery of the pipeline.


     


    He said the focus now needs to be high quality execution.




    Lend Lease chairman David Crawford said the group was encouraged by the election of the coalition government on a platform of infrastructure growth. 


     


    Lend Lease generated a net profit of $552.5 million in fiscal 2013.

 
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