The Scentre Group (ASX:SCG)
reports a loss of $3.6 billion for the six month period to 30th June.
The company that owns Westfield shopping centres here in Australia reported a reduction in property valuations of $4.1 billion.
Scentre Group CEO Peter Allen says: “Our results, including the ability to generate an operating cash surplus, demonstrate the long-term resilience of our business.”
Shares in the Scentre Group (ASX:SCG)
are trading 5.9 per cent higher at $2.14.