GMG 5.10% $34.58 goodman group

News: GMG Goodman Group FY Operating Profit Of $1,060.2 Mln, Up 12.5%

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    Aug 13 (Reuters) - Goodman Group (GMG) :

    • FY OPERATING PROFIT OF $1,060.2 MILLION, UP 12.5%
    • GROUP'S FORECAST OPERATING PROFIT FOR FY21 IS $1,165 MILLION, UP 9.9% ON FY20
    • FORECAST FULL YEAR DISTRIBUTION FOR COMING YEAR IS 30 CENTS PER SECURITY.
    • EXPECT MARGINS FOR DEVELOPMENTS TO REMAIN CONSISTENT GIVEN CURRENT MARKET CONDITIONS
    • CONTINUING TO INCREASE LEVELS OF DEVELOPMENT ACTIVITY; WILL EXCEED $7 BILLION OF WORK IN PROGRESS IN FIRST HALF OF FY21
    • EXPECTS TO DELIVER FY21 OPERATING EPS OF 62.7 CENTS
 
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