.
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
$5.53 |
Change
0.085(1.56%) |
Mkt cap ! $3.809B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.45 | $1.561M | 283.9K |
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| 14 | 4946 | $5.52 |
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|---|---|---|
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| LLC (ASX) Chart |