Goodman announces half year operating profit increase of 34%
Goodman Group has announced its results for the half year ended December 31, 2011.
The highlights included an operating profit after tax of A$229.2m, a 34% increase compared to the same period of last year. The company also recorded 96% occupancy levels across its portfolio.
Goodman’s Group Chief Executive officer, Greg Goodman said, "We are pleased to announce the Group’s half year operating result which represents a 34% increase on the same period last year. We have performed strongly in the first half of FY2012, with solid contributions made by all of our operating businesses, reflecting the quality portfolio of the Group and the strength of our relationships with our capital partners.
The company also announced its investment in development has increased to A$2.1bn across 58 projects with 85% of all developments pre-sold or pre-funded. Greg Goodman added, ""Our development business continues to experience significant demand, led predominantly by third party logistics providers, traditional and online retailers, and the automotive sector. With our substantial development capabilities and support from our capital partners, we are well positioned to grow market share in our existing markets and also to pursue expansion into new markets."
Quelle: eyefortransport
Portal: www.logistik-express.com
