Mirvac Group
(ASX:MGR) has posted a strong lift in net profit to $609.9 million for the year to June 30.
The figure is a 36 per cent increase on last year’s net profit of $447.3 million.
Revenue came in at $2.15 billion, a 9 per cent lift on the previous corresponding period.
The property group says it’s well positioned to deliver further earnings growth in financial year 2016.
Mirvac will pay an unfranked final dividend of 4.9 cents per share, bringing its total dividend for the year to 9.4 cents per share.
