Feb 20 (Reuters) - Diversified property company Stockland Corporation Ltd (SGP) on Wednesday posted a 56 percent drop in half-year net profit due to cooling housing markets and intensifying competition in the retail sector.
Net profit after tax attributable for the six months ended Dec. 31 came in at A$300 million ($214.92 million), down 56.2 percent from last year.
Total revenue from its residential property segment for the half-year was A$658 million, down from the A$870 million it reported last year.
($1 = 1.3959 Australian dollars)
News: SGP Australia's Stockland Corp HY profit plunges amid housing downturn
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Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.21 | $5.12 | $37.27M | 7.228M |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 311570 | $5.15 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.16 | 16163 | 2 |
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