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Mirvac Group (ASX:MGR) has confirmed that it is on track to deliver operating earnings of between 10.5 to 10.6 cents per stapled security in the 2012 financial year.
In a first quarter update the property developer also confirmed its distribution guidance of between 8.2 to 8.4 cents per stapled security.
Mirvac says it has realised $127 million from its 2012 financial asset sale program.
The company also says it remains focused on securing development returns through pre-sales and leveraging strategic relationships.
In the 2011 financial year Mirvac Group recorded a net profit of $183 million.
News: Mirvac confirms FY earnings guidance
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Last
$2.20 |
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Mkt cap ! $8.996B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.18 | $18.82M | 8.522M |
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| No. | Vol. | Price($) |
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| 3 | 118499 | $2.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 134247 | 8 |
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