Stockland’s profit down on last year

Company News

by Anna Napoli

Property development company Stockland (ASX:SGP) has reported its net profit after tax (NPAT) decreased 2.6 per cent to $684 million dollars for the half year to December 2017.

Meantime, the company’s revenue rose 14 per cent to $1.3 billion when compared with the same period last year.

Stockland’s earnings (EBIT) rose 32 per cent to $232 million.

The company declared an interim dividend of 13 cents payable on February 28.

The company says profit was slightly down on last year due to lower finance income compared to the same corresponding period.

Shares in Stockland (ASX:SGP) are trading 1.5 per cent higher to $4.07

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.