August 18, 2019 / 10:54 PM / a month ago

Australia's Lendlease Group posts 41.1% drop in annual profit

Aug 19 (Reuters) - Australian construction firm Lendlease Group reported on Monday a 41.1% drop in annual profit, citing the underperformance of its engineering and services business.

Net profit came in at A$467 million ($316.77 million) for the year ended June 30, compared with A$793 million a year ago, the company said.

The company declared a final dividend of 30 Australian cents a share, down from 35 cents a year ago.

$1 = 1.4743 Australian dollars Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Peter Cooney

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