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Lend Lease Group Ltd (ASX:LLC) has booked a bigger than expected 10.5 per cent improvement in first half net profit.
In the six months to 31 December 2010, Lend Lease posted a net profit of $226.5 million, up from $204.9 million the same time a year before.
The property developer says it is positive about the full year outlook, with future growth likely to to be underpinned by the Valemus acquisition, a recovery in the US and UK and growth in Australia.
Lend Lease last year bought Valemus for $960 million from German company Bilfinger Berger.
An interim distribution has been held steady at 20 cents, 50 per cent franked.
Lend Lease Group booked a net profit of $348 million in the 2010 financial year.
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Last
$5.49 |
Change
0.045(0.83%) |
Mkt cap ! $3.778B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.45 | $3.954M | 719.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 16 | 7019 | $5.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.49 | 16582 | 46 |
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| LLC (ASX) Chart |