Property firm Lend Lease Group
(ASX:LLC) says it expects fiscal 2010 operating profit after tax to be broadly in line with fiscal 2009.
In the 2009 financial year the company reported net operating profit after tax of $307.5 million.
In an investor presentation this morning the company says since its first half result it has made a number of deals including the recently announced contract to develop the 2nd stage of the Stratford City project in east London.
In February Lend Lease announced an interim dividend of 20 cents a share, but did not give any indication of a final dividend.
The company has already slashed its dividend payout ratio to between 40 and 60% of its operating profit after tax.
Lend Lease told investors that the company is well placed for growth in the medium term.
Lend Lease paid shareholders a total of 41 cents a share in dividends for fiscal 09.
