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<WIRE> Vicinity Centres (ASX:VCX) Forecasts FFO Per Security to Range from 14.1 to 14.5 AU Cents for FY24

Vicinity Centres (ASX:VCX) anticipates its FY24 Funds From Operations (FFO) per security to fall within the range of 14.1 to 14.5 AU cents.

Additionally, the company projects that its Adjusted Funds From Operations (AFFO) per security will be placed within the 11.8 to 12.2 AU cents bracket for the same fiscal year.

Vicinity Centres is an Australia-based company specializing in property, owning and managing over 100 shopping centres around the country.


<WIRE> Mirvac Group (ASX:MGR) Declares Total Distribution Of 10.5 Australian Cents Per Share

Mirvac Group (ASX:MGR) has declared a total distribution of 10.5 Australian cents per share.

The firm disclosed its operating profit after tax for the fiscal year was down 3% to A$580 million.

Simultaneously, Mirvac Group (ASX:MGR) reported that its total revenue and other income for the same period was down by 31%, equating to A$1,972 million.

Additionally, the company declared a final distribution of 5.3 Australian cents per share to its shareholders.

Mirvac Group is an Australian property group with a strong portfolio across the office, retail and industrial sectors.


<WIRE> Netwealth Group (ASX:NWL) Reports FY Revenue of A$207 Million

Netwealth Group (ASX:NWL) has reported a full year revenue from ordinary activities amounting to A$207 million.

This represents a significant increase compared to the prior year where the revenue stood at A$172.9 million.

In addition, the company also reported a net profit standing at A$67.2 million, an increase from the previous year’s A$55.6 million.

Netwealth Group also declared a 2023 final dividend of 13.00 AU CPS.

The firm noted that they are entering the fiscal year 2024 riding on the back of a strong pipeline and high win rate for new business across all key segments.

Netwealth Group is an Australian financial services organization specializing in wealth management.



<WIRE> Lifestyle Communities Property Developer Experiences Weak Annual Profit Slump

Australian property developer, Lifestyle Communities (ASX:LIC), sees their shares drop as much as 12.03% to A$15.32, marking their largest intraday drop since March 23, 2020.

Lifestyle Communities is currently at its nadir since July 7, making it the second biggest loser in the ASX 200 benchmark index.

The company’s FY23 net profit attributable to shareholders dropped 7.8% to A$81.90 million.

Lifestyle Communities has announced a final dividend of 6 Australian cents per share, echoing last year’s performance.

The company anticipates new settlements in FY24 to be mainly in the second half of the year.

It also plans to deliver between 1,400 and 1,700 new home settlements in the years between FY24 and FY26.

The company’s performance this year is down by 8.7% as of the last close, contrasted with a 3.8% rise in the benchmark ASX 200 index.

(Lifestyle Communities is an Australian property development company that focuses on providing residential communities for senior citizens.)


<WIRE> Sunland Group (ASX:SDG) Announces 64% Decrease in Yearly Profit to A$33.4 Million

Sunland Group (ASX:SDG) has announced a significant decrease in their year-end figures, with an attributable profit down 64% to A$33.4 million.

Furthermore, there has been a 55% decrease in the company’s full year revenues from ordinary activities, having dropped to A$267.2 million.

The company also declared a final dividend of 11 Australian cents per share.

A further report highlights an identical 55% drop in Sunland Group’s (ASX:SDG) yearly revenue from ordinary activities, settling at A$267.2 million.

Sunland Group is a prominent property development company based in Australia, focusing primarily on design-led projects.


<WIRE> Seven West Media Indicates Early Trading Suggests Underlying Revenue Is In Line With FY23 Trend

Seven West Media (ASX:SWM) recently hinted that their early trading is suggesting that the underlying revenue is following the trend set for FY23, based on their performance in July and August.

In addition, the company provided information that their revenue share is steady.

The total Television market, according to Seven West Media, is expected to stabilize during the second quarter as soon as their competitors ease their operations.

Finally, Seven West Media conveyed their optimism as they look into FY24 and beyond.

Seven West Media is a diverse media business with a presence across multiple platforms including television, digital, newspapers and magazines.


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<WIRE> Fletcher Building (ASX:FBU) Sees Worst Day in Over 3 Years Due to FY Profit Slump

Shares of Fletcher Building (ASX:FBU) slumped as much as 10.2% to NZ$5.250, experiencing their most significant decline since March 23, 2020, should the current losses hold.

This drop marks the third consecutive day of losses for the company.

Fletcher Building, a construction materials manufacturer, posted a net profit after taxes of NZ$235 million ($139.87 million) for the fiscal year ending on June 30.

This figure represents a significant fall from NZ$432 million reported a year prior.

The company also announced its FY revenue to be NZ$8.47 billion, down from NZ$8.5 billion the previous year.

Additionally, they declared a fully imputed final dividend of 16 cents per share.

The company’s shares hit a record low since June 2.

Fletcher Building’s ASX-listed shares (ASX:FBU) emerged as the benchmark’s top loser, poised for the worst day since March 23 if losses hold.

The company’s New Zealand stock has risen by 16.3% this year, as of the previous close.

Fletcher Building (ASX:FBU) is a New Zealand-based company that specializes in the manufacture and distribution of building materials.


<WIRE> Bapcor (ASX:BAP) Announces Final Dividend of 11.5 Cents Per Share

Bapcor (ASX:BAP) has declared its final dividend of 11.5 Australian cents per share.

The automotive aftermarket parts distributor anticipates a solid performance for FY24, all subject to market conditions.

As part of its ‘Better Than Before’ program, the company is set to deliver its targeted FY24 goals.

The trade segment of the market anticipates a stable demand through FY24, although growth rates are expected to mellow to longer-term averages.

However, the retail sector might continue to face challenges given the uncertain market environment.

Furthermore, macro headwinds due to temporary margin pressures from cost inflation and other external aspects are anticipated for FY24.

Despite these factors, underlying demand in the New Zealand segment is expected to improve over the previous year.

Bapcor is a leading provider of automotive aftermarket spare parts, accessories, automotive equipment and services in Australasia.



<WIRE> Vicinity Centres (ASX:VCX) Declares Final Distribution (Unfranked) of 6.25 AU Cents Per Share

Vicinity Centres (ASX:VCX) has announced its final unfranked distribution of 6.25 Australian cents per share.

The company’s full year funds from operations amounted to A$684.8 million, compared to A$598.3 million in the previous year.

Revenue from their ordinary activities increased to A$1,274.6 million from A$1,179.8 million.

They reported a net profit after tax attributable to A$271.5 million, a significant decline from the previous year’s A$1,215.2 million.

Vicinity Centres (ASX:VCX) is a leading Australian retail property group specializing in shopping centre management and development.


<WIRE> Dexus (ASX:DXS) Posts Full-Year Revenue from Ordinary Activities of A$848.4 Million

Dexus (ASX:DXS) reported that its full-year revenue from ordinary activities stood at A$848.4 million, compared to A$874.3 million from the previous year.

It also disclosed a net loss after tax amounting to A$752.7 million, in stark contrast to the reported profit of A$1,615.9 million last year.

The company indicated a franked distribution sum per security of 4.6 AU cents per security.

Dexus (ASX:DXS) is an Australian real estate company that manages and develops properties across multiple sectors.