Mirvac Group (ASX:MGR) Reports Half-Year Financial Results
Financial Performance
Mirvac Group reported a 2% increase in total revenue to $1,284 million. Profit attributable to stapled securityholders rose by 100% to $1 million, reversing a loss of $201 million in the previous year. Operating profit after tax decreased by 6% to $236 million.
Distributions
An interim distribution of 4.5 cents per security is payable on 27 February 2025. The previous interim distribution of 4.5 cents per security was paid on 29 December 2023.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.