MGR 0.00% $2.11 mirvac group

News: Mirvac Group H1 profit tumbles 69%

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    Property giant Mirvac Group (ASX:MGR) has revealed a 69 per cent slump in first half net profit after a string of project write downs across the country. 


     


    First half profit dropped to $55.2 million, down from almost $180 million in the same period last year. 


     


    Company CEO Susan Lloyd-Hurwitz says Mirvac is on track to deliver on its full year operating earnings. 


     


    Investors will receive an unfranked distribution of 4.2 cents per share. 

 
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