Lend Lease, the Australian property company headed by Gerard Dusseldorp, has lifted its interim dividend from 14 cents to 16 cents a share, following a substantial increase in profit for the six months to the end of December 1985. Lend Lease, whose shares are dealt in under special Stock Exchange rules, has a large number of shareholders in the United Kingdom.
The consolidated operating profit after tax for the half year was up 65% from $A21.04m to $A34.79m (£10.06m to £16.64m) and the pre-tax result rose from $A33.21m to $A50.97m (£15.89m to £24.38m).
Earnings per stock unit rose from 23.6 cents to 29.5 cents on the share capital enlarged by a 1-for-10 rights issue. The interim dividend is covered 1.8 times by the half-year profit.
