Property giant Mirvac Group
(ASX:MGR) has revealed a 69 per cent slump in first half net profit after a string of project write downs across the country.
First half profit dropped to $55.2 million, down from almost $180 million in the same period last year.
Company CEO Susan Lloyd-Hurwitz says Mirvac is on track to deliver on its full year operating earnings.
Investors will receive an unfranked distribution of 4.2 cents per share.
