Half Year 2022 Goodman Group Earnings Call Transcript
Thank you all for standing by, and welcome to Goodman Group's First Half Results Briefing.
I'd now like to hand the conference over to CEO of Goodman Group, Mr. Greg Goodman. Thank you. Please go ahead.
Yes. Thank you very much. Good morning, and welcome, everybody. I'd like to begin by acknowledging the traditional owners of the land on which I'm presenting from today, the Gadigal people of the Eora Nation, and pay my respects to elders past and present.
Goodman has had a strong first half. Operating profit was up 28% on the first half of last year to $786 million, significant valuation gains of $6 billion across group, and partnerships saw the group's statutory profit exceed $2 billion. We have over $2 billion of liquidity available, and we've maintained load gearing currently at just over 7%. All areas have contributed with investment earnings up 19%, management earnings up 18% and development earnings up 42%. And as a result of the progress to date and the outlook for the
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