Lend Lease Group
(ASX:LLC) has posted interim profit growth on the back of strength in the Australian and UK residential housing markets.
The property developer boosted its net profit by 25 per cent to $315.6 million in the first half of the 2015 financial year.
Managing Director Steve McCann says the company has delivered a strong start to the year and now has a $40.5 billion global development pipeline.
Looking ahead the group remains comfortable with consensus net profit after tax expectations of between $604 million to $628 million over the full year.
An unfranked interim dividend of 27 cents per share has been declared.
