Lendlease reports profit increase

27/02/2017 10:25:00

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Lendlease Group (ASX:LLC) has reported a 12 per cent jump in net profit for the first half of 2017.

Half year net profit came in at $394.8 million versus $353.8 million for the same time last year.

Revenue came in at $7.95 billion, an 8.2 per cent increase on the previous corresponding period.

The property developer says earnings were driven by a higher EBITDA contribution from all segments.

Lendlease declared an interim dividend 33 cents per share, unfranked.