Stockland provides a 50.6 per cent rise in statutory profit to $696 million for the December half.

Stockland, one of the country’s biggest home builders has been boosted by the residential sector which help provide a 50.6 per cent rise in statutory profit to $696 million for the December half.

The diversified real estate investment trust reported an underlying profit rise of 8.1 per cent on the previous corresponding period to $313 million.

 

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