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Mirvac predicting 24pc drop in earnings

Posted July 22, 2008 10:35:00

Australian property investor Mirvac says higher funding costs could see its earnings fall as much as 24 per cent in the current financial year.

Mirvac also says its distributions are likely to fall by almost 40 per cent this year.

Earnings in the next financial year are forecast to be between $268 million and $292 million.

Tags: company-news, economic-trends, housing, management, australia

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