WEB Lendlease Group Annual Report 2022
Highlights
- Revenue of $1.8 billion, up 10%
- Net income of $274 million, up 20%
- Earnings per share of $0.45, up 21%
- Dividend per share of $0.20, up 7%
Overview
WEB Lendlease Group today announced its results for the year ended 30 June 2022. The Group delivered a strong financial performance, with revenue, net income, and earnings per share all increasing year-over-year. The Group also declared a dividend per share of $0.20, up 7% from the previous year.
The Group's revenue of $1.8 billion was up 10% from the previous year. This growth was driven by strong performance in the Group's Development and Construction businesses. The Group's net income of $274 million was up 20% from the previous year. This increase was driven by higher revenue and improved margins. The Group's earnings per share of $0.45 was up 21% from the previous year.
The Group's financial position remains strong, with a healthy balance sheet and ample liquidity. The Group's total assets were $13.2 billion as of 30 June 2022, up from $12.4 billion as of 30 June 2021. The Group's total debt was $4.2 billion as of 30 June 2022, down from $4.6 billion as of 30 June 2021.
The Group's outlook for the future remains positive. The Group expects to continue to deliver strong financial performance in the coming years. The Group is well-positioned to benefit from the growing demand for real estate development and construction services.
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