Charter Hall Group (CHC) is tipping flat operating earnings for the current year as it eyes Australian acquisitions, after posting a jump in full-year net profit.
Charter Hall recorded a net profit of $52.6 million for the year to June, from $9.7 million in the previous corresponding period, when it took a heavy loss on derivative investments.
The rise came despite the company taking a $37.7 million loss on offshore investment properties and its Home HQ Nunawading.
Full-year operating earnings per share came in at 29.77 cents, in the middle of its forecast for between 29.5 and 30 cents.
Total income for the half lifted 16.3% to $192.7 million, from $165.7 million year-on-year.
Operating earnings beat the company's guidance, rising 11.7% to $96.4 million.
Charter Hall had tipped a rise in operating earnings of between five and nine per cent.
The group will pay an final distribution of 13.5 cents, a slight rise on the 13.3 cents paid last year.
It brings the total dividend to 26.8 cents, up on last year's payment of 26.1 cents.