GPT Group FY profit slips

Property group targets growth in funds under management, revenue also falls.

GPT Group (GPT) says it is targeting $10 billion growth in funds under management and expects economic growth to remain below trend this year after its full-year net profit fell slightly.

Net profit after income tax expense attributable to stapled security holders fell by 3.9% to $571.5 million in the year to December.

Total revenues and other income fell by 4.6% to $948.2 million in the full year.

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