Australia’s Stockland reports 70% drop in annual profit
Australian residential developer
Stockland Corp on Wednesday posted a nearly 70% drop in
annual net profit, citing devaluations in its retail centre and
retirement living portfolios in the midst of a steep downturn in
the local property market.
Stockland Corp on Wednesday posted a nearly 70% drop in
annual net profit, citing devaluations in its retail centre and
retirement living portfolios in the midst of a steep downturn in
the local property market.
Posted by Reuters
