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Mirvac Group Provides 3Q 2021 Earnings Guidance Update

28 Apr 2021  |  08:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: MGR 3Q21 Update & Earnings Guidance

Mirvac Group released its 3Q 2021 Operational Update for the three month period ended 31 March 2021. Consequently, the Group has upgraded its FY 2021 forecast earnings per security guidance to at least 13.7 cpss from 13.1-13.5 cpss. The upgraded guidance accounts for the return of JobKeeper payments received in FY 2021 and the expected delay of the sale of 50 per cent of the Locomotive Workshops, South Eveleigh, Sydney to occur early 1Q 2022 (previously assumed FY 2021), with the sell down of this asset in advanced negotiation.

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