Mirvac Group
(ASX:MGR) has confirmed that it is on track to deliver up to 14 per cent earnings growth in the 2011 financial year.
In the 12 months to 30 June 2011, the property developer says it is expecting a 12 and 14 per cent improvement in earnings.
Earnings per share are expected to reach between 10.4 to 10.6 cents.
In the nine months to 31 March 2011, Mirvac says it achieved solid income growth at Mirvac Property Trust, recording a portfolio occupancy of 98.2 per cent.
In the first half of its 2011 financial year, Mirvac Group booked a net loss of $12.4 million.
