SGP 0.00% $5.15 stockland

Feb 10 (Reuters) - Stockland Corporation Ltd (SGP) : 1h16...

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    Feb 10 (Reuters) - Stockland Corporation Ltd (SGP) :

    • 1h16 appendix 4d (SGP)
    • HY statutory profit after income tax attributable $696 million versus $462 million
    • HY revenue and other income up 19.2% to $1.58 billion
    • Interim distribution of 12.2 cents per share
    • Market expected to remain solid in Sydney, Melbourne and south east Queensland
    • While there is clearly some uncertainty about the economic outlook, conditions should remain generally supportive
    • On track to achieve our guidance range, and have tightened this to 6.5 - 7.5% EPS growth in FY 2016"
    • Sees FY 2016 FFO growth at 9 - 10%
    • Stockland corp- targeting a full year distribution of 24.5 cents per security, assuming no material decline in market conditions
                        
 
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