Australia's Stockland Corp falls most in 2 months on weak HY results

Stockland

21/02/2023 03:44

** Shares of Stockland Corporation  SGP.AX  fall as much as
5.4% to A$3.680, posting their biggest intraday pct loss since
Dec 20, 2022
    ** The real estate firm says HY net profit after tax from
cont ops attributable down 64.3% to A$299 million ($206.25
million)
    ** Posts HY revenue from cont ops of A$1,151 million, down
3.1%
    ** Declares interim dividend of 11.8 AU cents
    ** Shares touch their lowest level since Jan 11
    ** Stock has risen 7.2% this year, as of last close
($1 = 1.4497 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))