February 13, 2018 / 10:51 PM / 3 months ago

Australia’s Vicinity Centres H1 profit falls 17 pct

Feb 14 (Reuters) - Australian mall owner Vicinity Centres on Wednesday reported a 17 percent fall in half-year profit as it experienced the effects of cooling property prices, stagnant wage growth and soft retail spending.

Net profit attributable came in at A$755.9 million for the six months to Dec. 31 compared with A$908.8 million a year ago, the company added in a statement. (Reporting by Devika Syamnath in Bengaluru; Editing by Byron Kaye in Sydney and Chris Reese)

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