Lend Lease Posts 3.8% Decline In First-Half Net Profit

Lend Lease Group LLESY posted a 3.8% drop in its first half profit. Lend Lease's profit for the period declined to A$217.8 million. Its revenue surged 34% to A$5.79 billion. Lend Lease reported an interim distribution of 16 cents per security, versus 20 cents per security, in the year-ago period.