You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Lend Lease (LLC) is an international property and infrastructure group, listed on the Australian Securities Exchange and with approximately 17,000 employees worldwide. In Australia, Lend Lease offer development management; investment management; project management and construction and asset and property management. Their expertise covers multiple sectors including commercial, residential, retail, retirement and infrastructure.
Strategy Analysis: LLC is focused on the creation of a global property group by managing a portfolio of four businesses diversified by geography, sector and risk profile. The strategy is aimed at securing multiple earnings streams from the five businesses by focusing on high quality retail assets and master planned urban communities, leveraging project management and construction skills and using asset creation and capital transaction capabilities. CEO Steve McCann continues to grow the business through acquisitions and new development projects, taking advantage of opportunities in recovering markets as they improve over the medium-term.
Lend Lease Group reported NPAT up 38.8% to $302.3m for the half-year ended 31 December 2012. The operating profit after tax increase was largely due to the recognition of the profit on the first two commercial towers at Barangaroo South, Sydney, NSW. Revenues from ordinary activities were $6.25bn, up 8.0% from the same period last year. Diluted EPS was 55.2 cents compared to 40.3 cents last year. The net operating cash outflow was $79.6m compared to an inflow of $208.1m in the pcp. The interim dividend declared was 22 cents compared with 16 cents last year.
Handing over, what if you need someone else to make decisions for you? There are times in your life when you can't fulfil your financial obligations personally.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
Already a member? 
$ 10.470
