News: Mirvac H1 profit rises, affirms FY targets

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Mirvac Group (ASX:MGR) has improved its first half profit and affirmed its growth targets for the full 2015 financial year. 

 

The diversified property group lifted its operating profit by 15.5 per cent to $231.2 million while its profit attributable to securityholders rose 13.4 per cent to $279 million.

 

CEO Susan Lloyd-Hurwitz says the strong result positions the company well to achieve operating earnings guidance and distributions growth over the full year.

 

Mirvac has narrowed its annual operating earnings per share guidance range to between 12.2 cents and 12.3 cents per security. 

 

The company has maintained its distribution guidance range of 9.2 cents to 9.4 cents per security over the full year.