Mirvac reports operating profit at $631 million

Company News

by Rachael Jones

Mirvac (ASX:MGR) achieved a statutory profit of over $1 billion for its fourth year in a row.

On a per security basis, this came in at 17.1 cents, which was at the top end of guidance.

The company reported a 4 per cent increase in operating profit to $631 million from last year's $608 million.

They completed 82 leasing deals over approximately 96,400 square metres, with positive leasing spreads of 16.6 per cent.

Shares in Mirvac (ASX:MGR) are trading 2.35 per cent higher at $3.27.

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.