News: Lend Lease builds 25% H1 profit growth

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    Lend Lease Group (ASX:LLC) has posted interim profit growth on the back of strength in the Australian and UK residential housing markets. 

    The property developer boosted its net profit by 25 per cent to $315.6 million in the first half of the 2015 financial year. 

    Managing Director Steve McCann says the company has delivered a strong start to the year and now has a $40.5 billion global development pipeline. 

    Looking ahead the group remains comfortable with consensus net profit after tax expectations of between $604 million to $628 million over the full year. 

    An unfranked interim dividend of 27 cents per share has been declared. 
 
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