Centro to call resultsUpdated: 09:21, Friday August 29,...

Centro to call results
Updated: 09:21, Friday August 29, 2008
Centro Investors will be on the edge of their seats - with the Property Group set to deliver its annual results.

Centro has been selling assets in a bid to reduce debt and renew confidence.

But bankruptcy may be still on the cards as the group struggles to repay debt and raise cash.

The Group already wrote off $225 million in US assets last week and suspended dividend payments.

Its shares have been slashed - a far cry from highs of $10 last year.

JP Morgan has an underperform rating and says its 'fate' is in Gods hands.



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