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

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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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CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
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No areas of expertise