Stockland lifts on H1 profit

Shares rise as group affirms guidance, warns of economic uncertainty

Stockland (SGP) shares have lifted after the group said it remains conservative in its full-year outlook due to continuing uncertain economic conditions but expects to achieve the upper end of its guidance after swinging to a first-half profit.

Investors were impressed by the news, sending Stockland shares 2.96% higher to $3.83 at 1015 AEDT, against a benchmark index lift of 0.53%.

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