Lendlease profits rise 13% amid rise in settlements

Company News

by David Chau

Lendlease Group (ASX:LLC) has announced its net profit rose 13% to $698.2 million last financial year.

The property and infrastructure company also reported its revenue went up 13.6% to $15.1 billion during this period.

Lendlease also says, within its residential division, global settlements rose 7 per cent to 4,790 units. And presales for new residential projects increased 13% to $5.9 billion.

The company declared a final dividend of 30 cents per share, unfranked, which is payable on 14 September. This brings the total dividend for the financial year to 60 cents per share.

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