Half Year 2019 Goodman Group Earnings Call Transcript
Thank you for standing by, and welcome to the Goodman Group Half Year Results. (Operator Instructions)
I would now like to hand the conference over to Mr. Gregory Goodman, CEO. Please go ahead.
Thank you. Good morning, and welcome to Goodman's half year results for FY '19 and the outlook for the full year. Nick Vrondas is with me on the call.
Now turning to Slide 5. Goodman has delivered a strong first half performance. This is due to the fundamental strength of our portfolio and our development and management businesses, which have been positioned to take advantage of the structural changes we are seeing around the world. We generated operating profit of $465 million, up 10.4% on the same period last year, and operating EPS of $0.255, up 9.4%.
Our first half distribution is $0.15, up 9.1% on FY '18, and our statutory accounting profit is $929 million. This includes the group's share of the portfolio valuation gains, which equate to $597 million and has contributed
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