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Lendlease Group Provides FY 2020 Unaudited Results Update

01 Jul 2020  |  09:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY20 Unaudited Results Update

Lendlease Group provided a market update. It reported Core profit after tax expected to be in the range of $50m to $150m reflecting COVID-19 impacts across the Group. This includes the impact of reductions in investment valuations in H2 FY 2020 in the range of $130m - $160m after tax. The Engineering exit costs are of $550m pre-tax anticipated, with $525m pre-tax expected to be accounted for in FY 2020. The Total unaudited statutory loss is expected to be in the range of $230 to $340m after tax.

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