Goodman Group has reported an 11.5 per cent fall in first-half profits, but says it is pleased with its performance so far in the year.
The company on Thursday said profit attributable to security-holders in the six-month period to December 31 was $200 million, down 11.5 per cent from the previous corresponding period.
It said operating profit, before specific non-cash and other significant items, was up 34.4 per cent in the half.
Goodman is an industrial property owner, developer, manager and fund manager - the largest company of its kind listed on the Australian stock market.
The company's chief executive Greg Goodman said the company had performed strongly in the first half of the year, with solid contributions made by all of its operating businesses.
"The group has worked hard to leverage its size, scale and expertise in response to the continued demand for prime logistics assets by both our customers and investors," Mr Goodman said on Thursday.
"This is reflected in the continued high occupancy of 96 per cent across the group and managed funds and the $600 million in new third-party equity for our managed funds."
Goodman Group said key earnings drivers in 2012 are expected to come from its focus on capital management, active asset management and increasing the contribution from its development and management activities.
The company expects a fully diluted earnings per securities of 6.1 cents in the 2012 financial year - up eight per cent on its previous corresponding period.
Goodman Group did not declare any dividends during the half year or up to the date of its half-year report.
