Lendlease Delivers Double Digit Earnings Growth

Lendlease made a 12 per cent jump in profits in their recently released half year results, revealing that the company now sits on a nest egg of approximately $394.8 million before tax.
Key results

• Return on equity of 13.7 per cent, upper end of the 10 – 14 per cent target range

• Interim unfranked distribution of 33 cents per stapled security

• Capital solutions secured across four office developments

• Total residential pre-sales of $5.7 billion

• Engineering activity accelerating, on track for larger earnings contribution

• Funds Under Management (FUM) of $24.7 billion, up 12 per cent

• Strong balance sheet with gearing of 5.1 per cent3 and available liquidity of $3.3 billion.