Mirvac beats guidance in FY

Property group says it will continue to focus on disciplined growth after unveiling a steep decline in full-year profit on the back of a $273m impairment.

Mirvac Group (MGR) says it will continue to focus on delivering disciplined growth in the year ahead, after beating its guidance for operating profit.

The real estate developer posted an operating earnings of 10.9 cents per stapled security, above guidance for between 10.7 to 10.8 cents.

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