Scentre Group Limited
(ASX:SCG) has posted 4.2 per cent growth in specialty sales over the third quarter.
CEO Peter Allen says the company has seen an improving retail sales trend with 15 consecutive months of positive specialty sales growth in Australia.
Scentre Group has confirmed its forecast funds from operations of 10.88 cents per security with a distribution forecast of 10.2 cents per security for the second half.
The news comes after official data yesterday showed Australian retail sales rose more than expected in September on the back of demand for the iPhone 6 release.
The Australian Bureau of Statistics reports total retail sales rose 1.2 per cent in the month to $23.63 billion, the best monthly gain since November 2009.
Scentre Group reported a net profit of $5.3 billion in the first half of the 2014 calendar year.
