The news: The actions of lifestyle communities fell while analysts reacted positively to the result of the real estate promoter’s first half, published after the market closed on Monday.
The figures: The actions of lifestyle communities fell from $ 8% to $ 9.03 to 1:40 p.m. AEDT, reaching more than 40% losses in the last 12 months.
The company declared operating profit in the first half after tax of $ 22.7 million, 9.5% higher than in the previous corresponding period and 8% advance on market estimates of 21.1 million dollars.
The result was supported by colonies of 137 more in-depth houses of 137 during the period, which exceeded the 120-130 range described during its annual general meeting in November.
The monthly net sales were on average 9.2 between August and December, taking an average of 14 between January and February. However, UBS analysts have said that this trend should continue to improve around 25 net sales per month to support the objective of 300 company regulations during fiscal year 26.
The context: The executive president of style style communities style style style style style style lifestyle, said that the result had been obtained after a “difficult period after unfavorable media coverage in July”.
The supplier of affordable housing Face complaints By 80 residents of one of his projects in the northwest of Melbourne, accusing him of conduct contrary to ethics.
Elsewhere, the company announced the appointment of Henry Ruiz as a new managing director from March 5. Ruiz has spent the last 15 years in roles superior to the Rea Group real estate platform.
He will replace the co -founder and former director general of Lifestyle style communities, James Kelly, who retired in December.
Citi analysts, who expected the action to be negotiated after the result, noted that the company planned to reduce debt by selling land funds and reducing development spending by interrupting certain projects. Its cost structure has also been changed, probably with a likely reduction in costs to follow, they said.