Lendlease to Deliver Fiscal 2017 Earnings Growth Around 9%. AUD 12.50 FVE Unchanged
A problem in Lendlease Group’s technology testing environment has resulted in the erroneous release of six pages of the firm’s fiscal 2017 annual report, which contained the headline EBITDA of AUD 1,202 million, up 14% and NPAT of AUD 758.6 million, up 9% or AUD 130.5 cent per security. There was nothing else of significance in the release. Given the lack of detail underpinning the figures, it is not possible to ascertain trends or the extent to which earnings are cash backed or merely asset rev...LendLease operates a regional management structure in Australia, Asia, Europe and the Americas. Co.'s segments include: Development, which is involved in the development of communities, inner-city mixed-use developments, apartments, retirement, retail, commercial assets and social and economic infrastructure; Construction, which provides project management, design, and construction services, predominantly in the infrastructure, defence, mixed-use, commercial, and residential sectors; and Investments, which includes a wholesale investment management platform and also includes Co.'s ownership interests in property and infrastructure Co-Investments, Retirement Living and U.S. Military Housing.
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