DXS 2.86% $7.19 dexus

News: DEXUS FY14 profit falls, FY15 starts strongly

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    DEXUS Property Group (ASX:DXS) has reported a net profit fall for the last financial year but says it has started the new financial year strongly. 
     
    The real estate investor’s net profit dropped 21 per cent to $406.6 million in the 2014 financial year. 
     
    CEO Darren Steinberg says the company’s performance over fiscal 2014 has set it up to deliver strong results over fiscal 2015. 
     
    Ahead of releasing today’s results DEXUS yesterday announced the sale of properties set to materially increase its trading profits over the following two years. 
     
    A partially-franked final dividend of 3.19 cents per share has been declared, taking the full year payout to 6.26 cents. 
 
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