Stockland Corporation posts Q3 sales growth

Company News

Stockland Corporation Limited (ASX:SGP) has announced total sales grew 2.3 percent in the March quarter.
 
The company attributed the rise to solid 3.5 percent comparable annual sales growth for specialty stores.
 
CEO Mark Steinert said Stockland had maintained high sales volumes across the company’s Residential business, securing 1,706 net deposits in the quarter.
 
The diversified property group reaffirmed full-year earnings per share growth on 6.5 to 7.5 percent.
 
Stockland Corporation recorded a net profit of $696 million at 31 December 2015.

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