Goodman announces financial results for H1 fiscal 2021

Goodman

Goodman has announced its financial results for the six months ended December 31, 2020. The Group reported operating profit of $614.9m, up 16% year-on-year and operating earnings per share of 33.1 cents, up 15% compared to the same period last year. Operating expenses totalled $138.9m, down 0.6% year-on-year.

Earnings from Property Investment decreased 8.1% year-on-year while Management Income decreased by 0.1% compared to 2020 figures.

Group Chief Executive Officer, Greg Goodman said: “The logistics and warehousing sector are playing a significant role globally in providing essential infrastructure to the digital economy. On average, global online sales increased by 30% in 2020 and are expected to show strong growth over the next five years. We are experiencing strong demand from customers as they meet increasing consumer requirements and higher utilisation of properties.”

Source: Goodman

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