Business
Lendlease suffers pandemic hit as only construction improves – The Australian Financial Review
Lendlease halved its dividend after its interim net profit fell one-third in the pandemic and as earnings fell at its two biggest development and investment divisions….
The company that earlier this month named Asia division head Tony Lombardo to take over from Mr McCann in June said construction delivered a solid result as that business rebounded from a first half that was more disrupted by the pandemic.
The portfolio performed well with returns at the top end of the target range, aided by cost management and projects either nearing or reaching completion, it said.
Revenue was constrained, with activity affected by ongoing productivity impacts across sites and…
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