Sydney - Monday - August 4: (RWE Aust Business News) - Lend Lease Corporation Ltd (ASX:LLC) expects a net profit of $265.4 million for the year to June 30, compared with $497.5 million for FY07. The result has been affected by a write-down of the carrying value of inventory in its UK Communities business, Crosby Lend Lease by $121.5 million pre-tax and by a reduction in property investment revaluations of $60.2 million after tax for the year. Operating profit after tax is expected to be $447.1 million, up from $413.7 million a year ago. Full year FY08 dividend is anticipated to be 77c per share, in line with the prior year.
LLC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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