SYDNEY: Australian developer and real estate fund manager Lend Lease Corp Ltd reported yesterday a deep plunge into the red for 2002/03 after writing off A$945mil on its troublesome US businesses.
But the company, whose Bovis construction unit managed the clean-up of the World Trade Centre after the Sept 11, 2001, attacks, pleased the market by matching expectations for underlying profit and forecasting solid growth in earnings ahead.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
