Federation Centres doubles FY profit

By Chris Kohler

Federation Centres expects to lift its earnings per share in the year ahead and distribute 90 to 95 per cent of its underlying earnings to investors after more-than doubling its full-year net profit.

In the 12 months to June 30, the shopping centres operator posted a net profit attributable to members of $441. 3 million, more than double the $212. 6m recorded in the previous financial year.

The group will pay a final dividend of 7. 8c per share, along with an additional distribution of 0. 4c. The 7. 8c dividend will be paid on August 29 to members on the register at June 30, while the 0. 4c distribution will be paid on September 19 to members on the register at August 29.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator


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