Feb 20 (Reuters) - Diversified property company Stockland Corporation Ltd (SGP) on Wednesday posted a 56 percent drop in half-year net profit due to cooling housing markets and intensifying competition in the retail sector.
Net profit after tax attributable for the six months ended Dec. 31 came in at A$300 million ($214.92 million), down 56.2 percent from last year.
Total revenue from its residential property segment for the half-year was A$658 million, down from the A$870 million it reported last year.
($1 = 1.3959 Australian dollars)
News: SGP Australia's Stockland Corp HY profit plunges amid housing downturn
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Last
$6.33 |
Change
0.065(1.04%) |
Mkt cap ! $15.29B | |||
| Open | High | Low | Value | Volume |
| $6.30 | $6.33 | $6.25 | $3.112M | 494.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 27 | 15247 | $6.32 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.33 | 30877 | 41 |
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| SGP (ASX) Chart |