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Despite a soft start to fiscal 2012, Stockland (ASX:SGP) has confirmed it’s on track to reach its full-year guidance.
The property developer says earnings per share is expected to be “around the same” as 31.6 cents in fiscal 2011, excluding the impact of the share buy-back.
Stockland believes its ability to offer a range of lot sizes and prices is paying off, with affordable product in strong demand.
The company says it’s too early to determine the impact of this month’s interest rate cut, but it will narrow the gap between renting and buying.
Stockland increased its net profit by 58 per cent to $755 million in the 2011 financial year.
News: Stockland confirms FY profit guidance
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Last
$5.10 |
Change
-0.055(1.07%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.08 | $8.140M | 1.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 27025 | $5.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 30824 | 53 |
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| Last trade - 14.19pm 20/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
