Lend Lease Group
(ASX:LLC) has boosted its first half net profit by 39 per cent to $302.3 million.
The result is up from a $217.8 million profit in the year before and delivered primarily by Lend Lease’s Australian businesses.
The developer’s local businesses posted a profit of $304 million for the period, due in part to the first commercial agreements for its Sydney Harbour Barangaroo project.
CEO Steve McCann says Lend Lease is in a strong position and good visibility of earnings in the current financial year, with a project pipeline of $21.4 billion.
The company will pay an unfranked interim dividend of 22 cents.
