News: Goodman reaffirms annual earnings

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    Goodman Group (ASX:GMG) says it is continuing to experience "solid operating momentum".



    The property group has reaffirmed its annual earnings guidance for earnings per share, at 5.5 cents, and also expects its operating profit after tax to be $380 million.



    Company CEO, Greg Goodman, says he expects the development and management activities to the business to make a growing contribution of 40 to 50 per cent of earnings before interest and tax over the medium term.



    He says the contribution from international operations is also expected to grow to more than 50 per cent in the near term, driven by activity in the group’s European business.



    In the first six months of the 2011 financial year Goodman Group reported a net profit of $262 million.


 
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