Shopping centre giant Westfield Group (WDC) has reported a near 36% decrease in first half profit

CommSec

Shopping centre giant Westfield Group (WDC) has reported a near 36% decrease in first half profit. Net income fell after the company sold a number of its under-performing shopping centres, which were worth a combined $4.9 billion. Funds from operations (FFO), a measure the company prefers to use as its strips out volatile items, fell 3% to $729M. The company will pay an interim distribution of 25.5c per share, up from last year's payment and reconfirmed its full year distribution of 51c per share. For the full report visit: (VIEW LINK)


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