Centro Retail Group
(ASX:CER) has confirmed that sale discussions are continuing and that it has no reasons for its recent 14 per cent rise in share price.
In response to a price query, the property trust has also reaffirmed its half-year underlying profit guidance.
Centro says it expects underlying profit for the six months to 31 December 2010 to fall 20 per cent under the $81 million posted in the prior corresponding period.
Centro’s half year review is due later this month.
For the year ended 30 June 2010, Centro Retail Group generated a net profit of $114 million.
