News: MGR Australia's Mirvac Group reports fall in annual profit

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    Aug 9 (Reuters) - Australian property developer Mirvac Group (MGR) reported a 6 percent fall in full-year profit on Thursday, as a downturn in the country's residential property market eroded sales.

    Net profit fell to A$1.09 billion, from A$1.16 billion a year ago, the company said.

    The firm added that it would pay a final distribution of 6 Australian cents per share, from 5.5 cents the previous year.

 
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Last
$2.37
Change
0.040(1.72%)
Mkt cap ! $9.351B
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