Australian property giant Stockland Group Ltd
(ASX:SGP) says it on track to meet its fiscal 2011 guidance of seven per cent earnings per share growth.
Stockland says it is increasing its market share and outperforming the general market.
However, the company added that it is too early to assess the impact of the November rate hike by the central bank and commercial banks as initial results appear resilient.
For the year ended 30 June 2010, Stockland reported a net profit of $478 million.
