Original article by Michael Bleby
The Australian Financial Review – Page: 36 : 26-Feb-19

Lendlease has posted a 2018-19 interim net profit of $15.7m, compared with $425.7m previously. The result was marred by a $500m writedown in the value of its engineering and services division in late 2018. Lendlease’s revenue for the half-year was $7.7bn, down from $8.7bn previously. Its Australian arm has reported an EBITDA loss of $139.5m, while construction and development revenue also fell. Lendlease’s interim dividend has been reduced from $0.34 per share to just $0.12.

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, TRANSURBAN GROUP LIMITED – ASX TCL