Lend Lease: Result 2013

Lend Lease reported a respectable full year result, with revenue increasing 6% to $12.2bn from a year earlier. Earnings before interest, tax, depreciation and amortisation increased 12% to $744m and net profit increased 10% to $552m. Earnings per share increased 9% to 96.3 cents and a final unfranked dividend of 20 cents was declared (ex date 5 Sep), down from 22 cents, bringing the annual total to 42 cents for an unfranked current dividend yield of 4.4%. Lend Lease’s development division, the company’s largest by operating profit, posted a strong result with profit recovering 143% to $403m. Profits from...

Lend Lease reported a respectable full year result, with revenue increasing 6% to $12.2bn from a year earlier. Earnings before interest, tax, depreciation and amortisation increased 12% to $744m and net profit increased 10% to $552m. Earnings per share increased 9% to 96.3 cents and a final unfranked dividend of 20 cents was declared (ex date 5 Sep), down from 22 cents, bringing the annual total to 42 cents for an unfranked current dividend yield of 4.4%.

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