Warehouse and office owner Goodman Group has reported half year net profit of $919.3 million, a 79 per cent jump from last year helped by revaluations and gains from derivatives and foreign currency items.
Excluding one-off items, it reported a nine per cent increase in operating profit to $357 million, helped by continuing strong demand for industrial property.
"The group continues to capitalise on the strong global demand for modern, high quality logistics space in prime gateway cities, ensuring it is well positioned to drive consistent earnings growth over the remainder of FY16," chief executive Greg Goodman said.
The company raised its full year operating EPS guidance to 40 cents a share, up 7.5 per cent from the previous year, with dividends expected to rise to 24 cents a share, up eight per cent from a year earlier.
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