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BRIEF-Mirvac sees FY17 operating EPS guidance range of 14 to 14.4 cpss

Published 16/08/2016, 09:04 am
BRIEF-Mirvac sees FY17 operating EPS guidance range of 14 to 14.4 cpss
MGR
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Aug 16 (Reuters) - Mirvac Group MGR.AX :

* Provided a FY 2017 operating EPS guidance range of between 14.0 to 14.4 cpss

and a distribution guidance range of 10.2 to 10.4 cpss

* Secured 84 per cent of expected development EBIT for FY 2017 through

pre-sales, and 55 per cent of FY 2018

* Anticipate "strong" earnings growth in residential business in FY 2017, with

increase of over 15% in expected lot settlements to over 3,300 lots

* "Residential pipeline provides US with more than 14,000 potential lot

settlements over the next four years"

* Source text for Eikon ID:nASX5vR8GS

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