The Scentre Group (ASX:SCG) reports $3.6 billion loss

25Aug

The Scentre Group (ASX:SCG) reports $3.6 billion loss

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/276653/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines01_360_200825.jpg’]

 

The Scentre Group (ASX:SCG) reports a loss of $3.6 billion for the six month period to 30th June.

The company that owns Westfield shopping centres here in Australia reported a reduction in property valuations of $4.1 billion.

Scentre Group CEO Peter Allen says: “Our results, including the ability to generate an operating cash surplus, demonstrate the long-term resilience of our business.”

Shares in the Scentre Group (ASX:SCG) are trading 5.9 per cent higher at $2.14.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

07Sep

Australian government to fund CSL’s (ASX:CSL) manufacture of covid vaccine

07 Sep 2020 - The Commonwealth government will provide funding to CSL to enable it to expand Australia’s COVID-19 vaccine manufacturing readiness.

Read More
09Jul

Praemium (ASX:PPS) is to acquire Powerwrap (ASX:PWL) for $55m

09 Jul 2020 - Praemium (ASX:PPS) and Powerwrap (ASX:PWL) have entered into a bid implementation agreement at an indicative price of 26.44 cents per Powerwrap Shareor $55.6 million for all of Powerwrap’s issued share capital.

Read More
26May

Coca-Cola Amatil (ASX:CCL) see beverage sales drop in April

26 May 2020 - Coca-Cola Amatil (ASX:CCL) released their trading update for April today showing the volume of beverage sold still fell 33 per cent that month.

Read More
17Aug

Stocks of the Hour: Nuheara, Frontier Energy, XTEK

17 Aug 2022 - A snapshot of the stocks on the move featuring Nuheara (ASX:NUH), Frontier Energy (ASX:FHE) and XTEK (ASX:XTE).

Read More
23Sep

Fluence Receives Emergency Order for Five NIROBOX in the Middle East

23 Sep 2019 - Fluence Corporation (ASX:FLC) has today announced that it has received an order for five wastewater treatment products (NIROBOX) from a customer in the Middle East for an emergency application for drinking water

Read More
11Sep

Retail Food Group (ASX:RFG) offloads Dairy Country to Fonterra (ASX:FSF)

11 Sep 2020 - Retail Food Group (ASX:RFG) has agreed to sell its subsidiary Dairy Country Pty Ltd, to Fonterra Brands for around $19.2 million.

Read More
31Aug

NAB (ASX:NAB) agrees to sell its MLC Wealth business to IOOF for $1.44 billion

31 Aug 2020 - NAB (ASX:NAB) is set to sell its MLC Wealth business to IOOF for $1.44 billion.

Read More
26Sep

Marley Spoon secures funding from Woolworths

26 Sep 2019 - Meal kit provider Marley Spoon (ASX:MMM) has approved structured debt transactions with two of its existing investors, amounting to $8 million in aggregate.

Read More
14Jul

Stocks of the Hour: Neuren Pharmaceuticals, Green Technology Metals, One Click Group

14 Jul 2023 - A snapshot of the stocks on the move, featuring Neuren Pharmaceuticals (ASX:NEU), Green Technology Metals (ASX:GT1) and One Click Group (ASX:1CG).

Read More
04Dec

Stocks of the Hour: BluGlass, Liontown Resources, Noble Helium, Empire Energy

04 Dec 2023 - A snapshot of the stocks on the move, featuring BluGlass (ASX:BLG), Liontown Resources (ASX:LTR), Noble Helium (ASX:NHE) and Empire Energy (ASX:EEG).

Read More