News: Lend Lease FY profit jumps 50%

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    Lend Lease Group (ASX:LLC) has lifted profit after tax by 50 per cent and declared a final dividend of 49 cents per share. 
     
    Proceeds from the sale of its interest in Bluewater Shopping Centre in the UK swelled the net profit result to $822.9 million. 
     
    CEO and Managing Director Steve McCann said the last five years of reshaping the business and concentrating on strategic objectives has resulted in a pipeline of urban regeneration projects. 
     
    The company has also sold 100 per cent of the first phase of residential apartments in the Barangaroo South Project in Sydney. 
     
    Record sales in Australian residential property added revenue of $2.5 billion. 
     
    The group says it expects to deliver strong earnings growth for the at least the next three years. 
 
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