.
Lend Lease Group’s (ASX:LLC) wholly owned subsidiary Abigroup has misreported profits and costs in two of its projects.
Lend Lease says it will not affect its financial position or outlook and is investigating the matter.
A number of executives responsible for oversight and management of Abigroup will stand aside during the investigation.
The global property developer saw a 2 per cent rise in its annual profit and was impacted by $5.8 million worth of property investment write downs.
Lend Lease posted a net profit of $503 million in the 2012 financial year.
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Last
$5.44 |
Change
-0.010(0.18%) |
Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.47 | $5.44 | $5.763M | 1.053M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17998 | $5.44 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.45 | 4414 | 1 |
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| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |