Mirvac beats guidance in FY
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
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.
It also was slightly higher than analyst forecasts, coming in at $377.6 million when consensus forecasts were for $370.4 million.
However, Mirvac's net profit attributable to shareholders was $139.9 million, a 66.6% fall on the the previous year.
The result was impacted by a $273.2 million impairment announced to the market in February.
Revenue in the same period was $15.57 billion, a 10% decline on the previous year.
Mirvac's total dividend for the year was 8.7 cents, unfranked. The group paid an interim dividend of 4.2 cents on January 25 and a final dividend of 4.5 cents on July 26, both of which were unfranked.