Lendlease cuts profit outlook, interim dividend of just under 6.5¢

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“We’re not there yet,” he said. Weakness in capital markets that made it harder to go through with planned transactions – such as a sale of military housing and of its China-based retirement business, Ardour Gardens – was the main problem, but if those circumstances changed, the company could book higher earnings this year, Mr Lombardo said. Delays in settlements worth $130 million to $160 million at the communities business – which would still go to Lendlease, post sale to Stockland – as well as an estimated $150 million (pretax, $100 million post-tax) earnings from settlements at Residences One at...