Biscut8,read the post from macrae12 yesterday, (below) I think...

Biscut8,
read the post from macrae12 yesterday, (below) I think that has more to do with the gains.

As for the gains I say "YAHOO" LLC being 15% of my portfolio.


Subject annual net profit up 84pc to 415.2m
Stock Code LLC - LEND LEASE CORPORATION LIMITED
Posted 16/08/06 10:07
Posted by macrae12
IP 61.69.xxx.xxx
Post #1205479 - 15 reads
Start of thread

Sydney - Wednesday - August 16: (RWE Australian Business News) -
Lend Lease Corporation Ltd (ASX code: LLC) lifted net profit 84.1 per
cent to $415.2 million in the year ended June 30 from $225.5 million for
the previous year.
This included property investment revaluations of $61 million
for the year, compared with $39.5 million in the year to June 2005.
Directors said the result was ahead of market consensus
expectations.
Revenue rose 28.5 per cent to $12.13 billion from $9.43 billion.
Earnings per share were $1.04, up from 56.5c.
Final dividend has been increased from 29c to 31c, fully
franked, payable on September 13 to shareholders registered August 30.
Total payout for the year is 61c, up from 57c.
Managing director and CEO Mr Greg Clarke said the result
underscored the value of being an international, diversified property
group.
"Our focus on the retail and communities property sectors,
together with construction management and investment management,
continues to deliver steady earnings growth," he said.

*****

"Shareholders can expect to see Lend Lease regularly sell down
maturing investments, take profits and reinvest the capital released to
grow the company's invested capital base as we achieve more synergies
across the three businesses.
"We will actively manage capital invested to take advantage of
opportunities and changing markets," Mr Clarke said.
Given the proportion of earnings from overseas operations, Lend
Lease expects dividends for the 2007 year to be between 30 and 50 per
cent franked.
In terms of outlook, while there is increased uncertainty
concerning the interest rate environment and the global economic impact
of continued high oil prices, the company believes the fundamentals for
its core businesses and chosen market sectors are still strong.
Notwithstanding these uncertainties, Lend Lease says it remains
well-positioned to achieve earnings growth from operations over the
short to medium term.