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0.0273037542662116 0.0273037542662116 0.0273037542662116 0.0273037542662116 0.0349829351535836 0.0273037542662116 0.0221843003412969 0.0162116040955631
Stock impact report

UPDATE 3-Australian developer Mirvac defies downturn to post profit jump [Reuters (UK)]

James Hardie Industries plc American Depositary Shares (Ireland) (JHX) 
US:NYSE Investor Relations: ir.jameshardie.com.au/jh/home.jsp
Company Research Source: Reuters
UPDATE 3-Australian developer Mirvac defies downturn to post profit jump | Reuters 3 Min Read * Office, industrial earnings jump * Statutory profit A$648 mln vs A$465 mln a year earlier * Shares hit 10-yr high (Adds market reaction, analyst and management quotes, background) SYDNEY, Feb 7 (Reuters) - Australian property developer Mirvac Group defied some of the steepest real-estate price falls in a generation to post an almost 40 percent rise in half-year profit on Thursday, thanks to strong earnings from office and industrial divisions. Mirvac shares hit a 10-year high after it said statutory profit for the six months to Dec. 31 rose to A$648 million ($461 million) from A$465 million a year earlier, and adjusted its full-year earnings-per-share outlook slightly higher. The result illustrates the strength of the company’s diversified model and its sound office and retail portfolios, said Winston Sammut, head of listed securities at landlord and property manager Charter Hall Group. “Th Show less Read more
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