News: SGP Stockland Corp says HY statutory profit after income tax attributable $696 million

Feb 10 (Reuters) - Stockland Corporation Ltd (SGP) :

• 1h16 appendix 4d (SGP)
• HY statutory profit after income tax attributable $696 million versus $462 million
• HY revenue and other income up 19.2% to $1.58 billion
• Interim distribution of 12.2 cents per share
• Market expected to remain solid in Sydney, Melbourne and south east Queensland
• While there is clearly some uncertainty about the economic outlook, conditions should remain generally supportive
• On track to achieve our guidance range, and have tightened this to 6.5 - 7.5% EPS growth in FY 2016"
• Sees FY 2016 FFO growth at 9 - 10%
• Stockland corp- targeting a full year distribution of 24.5 cents per security, assuming no material decline in market conditions