The Goodman Group report operating profit up 11.4%

Company News

by Rachael Jones

Property group the Goodman Group (ASX:GMG) today announced its results for the full year ended 30 June 2019 showing operating profit up 11.4 per cent on last year to $942 million.

Operating earnings per share of 51.6 cents, up 10.5 per cent on FY18.

Statutory profit was up 48 per cent to $1,628 million.

For Financial year 2020, the Group is forecasting operating profit of $1 billion up 10.4 per cent with operating EPS of 56.3 cents per share, up 9 per cent on FY19.

Shares in The Goodman Group (ASX:GMG) are trading 4.71 per cent higher at $15.55.

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