Goodman Group aims for $310m profit in FY10
Goodman Group (GMG) at its Annual General Meeting this morning said that the group was in line to achieve its previous forecast profit of $310 million for the 2010 financial year. The company said that it was expecting its last writedowns to come in the December half, estimated at around 5% of total assets.
Goodman Group reported a post-tax loss of $1.12 billion for the year ended June 30, on the back of a $1.16 billion writedown on property assets.
The Group acknowledged 2009 had been a difficult year, though believes that UK markets had steadied.
The UK has fallen fastest and quickest but has now stabilised and Asia remains steady.
The company said it was expecting EPS, on an undiluted basis, of 5.7c per share, while a dividend would be paid.
At 1059 AEDT, GMG shares were up 1.5c to 60c.
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