LendLease Group announced group earnings results for the full year ended June 30, 2017. For the period, the company reported revenues of AUD 16,659.0 million compared to AUD 15,088.5 million a year ago. Profit after tax attributable to security holders was AUD 758.6 million compared to AUD 698.2 million a year ago. Group EBITDA was AUD 1,201.8 million compared to AUD 1,054.9 million a year ago. EBIT was AUD 1,103.6 million compared to AUD 972.2 million a year ago. PBT was AUD 1,007.0 million compared to AUD 862.8 million a year ago. Net cash provided by operating activities was AUD 146.0 million compared to AUD 853.0 million a year ago. Acquisition of/capital expenditure on investment properties was AUD 244.4 million compared to AUD 25.7 million a year ago. Acquisition of property, plant and equipment was AUD 136.4 million compared to AUD 132.7 million a year ago. Acquisition of intangible assets was AUD 23.9 million compared to AUD 46.1 million a year ago.

The company provided tax rate guidance for the full year of fiscal 2018. The effective tax rate in fiscal 2018 is likely to be in the 20% to 30% range on a business-as-usual basis.