Goodman Group
(ASX:GMG) has booked a full year net profit of $161 million, about 60 per cent down on last year’s result.
The drop was mostly due to a $293 million hit taken on derivative and foreign exchange movements.
It came despite a 17 per cent rise in operating profit to $544 million.
Goodman is predicting a 9 per cent rise in operating profit next year to $594 million, with growth driven by entry into the Asian and US markets.
It will pay a final dividend of 9.7 cents on 26 August, pushing the total payout to 19.4 cents, up 8 per cent on last year.
