The numbers
Lendlease Reports $531M Loss, Accelerates Asset Sales to Stabilize Balance Sheet
Lendlease Group posted a A$749 million ($531 million) loss for the fiscal year ending June, a sharp decline from last year's A$225 million profit. The company attributes the loss to non-cash impairments, provisions, and reduced asset sales revenue. Despite challenges, Lendlease remains committed to its asset disposal strategy, with A$3.4 billion in sales completed and A$2.5 billion more in assets earmarked for divestment. While construction remains profitable, corporate costs and high debt level