Housing underpins leap in Stockland’s interim profit

Original article by Robert Harley, Mercedes Ruehl
The Australian Financial Review – Page: 37 : 12-Feb-15

Listed property developer Stockland has posted a 2014-15 interim statutory profit of $A462m, which is 55 per cent higher than previously. The group’s residential development arm recorded a 72.8 per cent increase in operating profit, and MD Mark Steinert is upbeat about the outlook for the residential sector in the next several years. Stockland’s shares closed $A0.13 higher at $A4.73 on 11 February 2015

CORPORATES
STOCKLAND – ASX SGP, AUSTRALAND PROPERTY GROUP

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