First Impression: Lendlease Group-LLC-FY16 Result
Net operating cash flow $853m. Gearing at 6.5% vs 1H16 gearing of 12.1% as a result of strong 2H16 operating cash flow despite $3bn of operating cash invested in development | Residential settlements of 4,790 units, up 7%.” Settled over 1,200 apartments with non-settlements at less than 1% vs historical average of ~ 3% | Construction backlog revenue up 20% to $20.7 billion.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Already have an account? Sign in here
Advertisement
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 stock mentioned
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Paul Moore's stock to buy and hold for the next 25 years
Livewire Markets
Equities
A contrarian assessment of Macquarie Group
Leithner & Company Ltd
Equities
It won't get any better from here for Aussie banks
Livewire Markets