Westfield Annual Profit Up 18%

Westfield Group

reported an 18% surge in its annual net profit. Westfield's net profit for the year rose A$1.72 billion Australian dollars (US$1.76 billion), from A$1.53 billion. Its funds from operations came in at A$1.47 billion, or $0.65 per security. Westfield shares closed at $22.70 yesterday.