MGR 0.46% $2.20 mirvac group

News: Mirvac on track for FY guidance

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    Mirvac Group (ASX:MGR) has reaffirmed its earnings per share guidance after reporting gains in the first quarter.
     
    The real estate developer says it expects EPS in the range of 12 to 12.3 cents per share.
     
    The company settled 588 lots in the first quarter and is on track to settle over 2,200 in the full year. 
     
    CEO Susan Lloyd Hurwitz says the progress demonstrated the group’s continued focus on achieving its 2015 objectives and positioning the business for the future. 
     
    Mirvac Group reported a net profit of $447 million in the 2014 financial year.
 
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