Scentre sales up, guidance on track

Scentre Group says stronger jewellery, technology, leisure, health and beauty sales will keep it on track for guidance of 23.25 cents per share.

Scentre Group is on track to deliver funds from operations of 23.25 cents per security on the back of stronger sales.

The company, which operates Westfield-branded centres in Australia, says it has lifted comparative sales 3.4 per cent to an average of $11,142 per square metre on the back of stronger growth in jewellery, technology, leisure, health and beauty sales in the 12 months to September 30.

Scentre says it expects comparable net operating income growth of 2.7 per cent to three per cent for the 12 months to December 31.

Scentre shares dropped four cents to $4.26 on Thursday.


Share

1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world