Lendlease profit up 4.5 per cent

Company News

by Rachael Jones

Lendlease (ASX:LLC) has reported an profit after tax of $792.8 million for the full year, that’s up 4.5 per cent, up from $758.6 million for the same period last year.

Revenue dropped 0.6 per cent on the prior corresponding period to $16.6 billion.

Group EBITDA 2018- $1.420 billion up from last year’s figure of $1.386 billion.

The company says results were driven by strong performance across both the Development and Investments segments.
Final dividend distribution is 35 cents– payable 21 September 2018.

Shares in Lendlease (ASX:LLC) closed 1.39 per cent lower to $20.63
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.