By David WinningSYDNEY--Mirvac tumbled to a first-half net loss after balancing subdued market conditions in residential and office markets with strong take-up of industrial property. Mirvac reported a net loss of 201 million Australian dollars (US$131 million) for the six months through December, compared with a A$215 million profit a year earlier. Operating profit fell by 17% to A$252 million, while revenue rose by 47% to A$1.26 billion.

Source: Wall Street Journal February 08, 2024 05:29 UTC