realestatebusiness logo
Subscribe to our newsletter SIGN UP

Lend Lease posts loss

20 August 2009 Reporter

Lend Lease has posted an annual after-tax loss of $654 million after experiencing a slow down in all of its key markets including project management, and construction and real estate development.

Last year, the real estate posted a $254 million profit.

Setting aside adjustments made for investment losses and one-off charges, Lend Lease's annual operating profit fell 29 per cent to $307.5 million, compared to almost $843 million a year ago.

Despite the significant loss, the company said it had a positive outlook and was forecasting increased government infrastructure projects.

The company will pay a final dividend of 16 cents, to make total annual dividends 41 cents, or 31 cents franked.

Lend Lease posts loss
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.