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Westfield H1 Net Profit Drops 36%

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Westfield Group (OTC: WFGPY) reported a 36% drop in its first-half net profit.

Westfield's net profit for the six months declined to 514.8 million Australian dollars (US$460.3 million), versus A$800.1 million, in the year-ago period.

Its funds from operations climbed 3% to A$729 million.

Westfield shares closed at $19.89 yesterday.

Posted-In: profitEarnings News

 

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