Lendlease

lendlease

Lendlease Reports Wider Annual Loss Due to Strategic Shift and Operational Delays

Lendlease, Australia's largest property developer, builder, and real estate investor, reported a significant widening of its annual loss, attributing the downturn to the impacts of a strategic overhaul and delays in reviewing the sale of key community projects. The company reported a full-year loss after tax attributable of A$1.50 billion (US$1.00 billion), a sharp increase from the A$232 million loss...

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