Lendlease Group (ASX:LLC) provided an update on FY2020 unaudited results, including following highlights:
- Core PAT anticipated to range from A$50 million to A$150 million.
- Total unaudited statutory loss after tax expected lie in between A$230 million to A$340 million.
- The Group has entered into FY2021 in a strong financial position with gearing at 30 June 2020 likely to be below 10% and total liquidity over A$5 billion.
- Development joint venture to provide the first residential tower at One Sydney Harbour projected to add ~ A$100 million to FY2021 profit after tax.
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