Westfield Group's profit falls

Group reiterates FY guidance of small increase in earnings, dividend, in H1 results.

Westfield Group (WDC) has reiterated it expects a small increase in earnings and dividend for the full-year, after posting a steep decline in interim profit. 

Net profit fell sharply to $534 million in the six months to June, from $837 million in the previous year, largely on a steep increase in property development and project management costs and $119 million in financing costs. 

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