CHC full-year profit rises

Group tips operating earnings growth of 7% in current year.

Charter Hall Group (CHC) is tipping earnings growth of 7% in the current year on expectations investors will seek to capitalise on the low cash rate by increasing their exposure to Australian property. 

Net profit in the year to June grew to $54.8 million, from $16.7 million in the prior year. 

Revenues fell 7.1 per cent to $114.8 million. 

I will pay a final dividend of 20.2 cents, compared to 18.2 cents last year.