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.

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.