Lend Lease won't give up on GPT.(General Property Trust)(Lend Lease Corporation Ltd.)(Brief Article)

Australasian Business Intelligence, February, 2005 by Manning, Paddy

Feb 13, 2005 (The Australian - ABIX via COMTEX)

Australian-listed property group Lend Lease has posted a 2004-05 interim net profit of $A128.5m. This was 31.7 per cent lower than its result for the same period in 2003-04, although its operating profit after tax rose by 54 per cent, to $167.1m. Lend Lease CEO Greg Clarke says the group's full-year profit should be at the high end of analysts' forecasts of $A253m to $A277m. Meanwhile, Clarke says Lend Lease is still interested in a merger with General Property Trust, although he stresses that the group would not sell its 30 per cent stake in the UK's Bluewater shopping centre in order to gain support for such a deal.

Publication Date: 12 February 2005

LEND LEASE CORPORATION LIMITED - ASX...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.