MGR 0.00% $2.11 mirvac group

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    Mirvac Group (ASX:MGR) has reported a surge in its full year net profit by 128 per cent.



    The property developer posted a net profit of $416.1 million, total revenue eased 7 per cent to $1.75 billion.



    The full year results were aided by the sale of its hotel management business during the year.



    Mirvac’s Managing Director says the group remains focused on its investment and development divisions and declared a final dividend of 8.4 cents per share.
 
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