MGR 0.94% $2.11 mirvac group

News: MGR UPDATE 1-Australia's Mirvac posts 39.4 pct rise in half-year profit

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    Feb 7 (Reuters) - Australian property developer Mirvac Group (MGR) tightened its operating earnings per share (EPS) guidance on Thursday, after reporting a 39.4 percent rise in half-yearly profit driven by strong performance from its non-residential portfolio.

    Sydney-based Mirvac said it now expects operating EPS guidance between 16.9 cents to 17.1 cents per stapled security for 2019, compared with the prior 16.8 cents to 17.1 cents per stapled security view.

    Statutory profit for the six months ended Dec. 31 rose to A$648 million ($461.18 million) from A$465 million in the same period a year earlier.

 
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