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Goodman Group reports $557m earnings and issues upgrade

People & Companies / Latest News

Australia

Feb 17 2017

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Carolyn Cummins, The Sydney Morning Herald

Goodman Group has reported a $557 million statutory profit for the first half of the 2017 year and says with solid leasing conditions and its ongoing $10 billion urban renewal program, it expects higher earnings in the coming months.

Group chief executive Greg Goodman has revised up its 2017 operating earnings per security (EPS) guidance to 43.1¢, a 7.5 per cent increase over 2016. The interim distribution per security is 12.7¢, up 6.7 per cent on the previous corresponding period.

Go to The Sydney Morning Hearld and read the full story.

SOURCE: The Sydney Morning Herald

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