Australian Politics Forum - Westfield Group 32% loss

Ex Dame Pansi

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Westfield Group 32% loss
Aug 17^th, 2011 at 1:40pm

That's $310m less profit, poor Frank Lowy, my heart bleeds.

Westfield Group has posted a 32 per cent fall in half year profit but has confirmed earlier guidance for earnings, distributions and revenue for the full year.

Westfield said on Wednesday that net profit for the half year to June 30 was $650.9 million, down from $960.9 million in the first half of calendar 2010.

Some reader comments

Frank Lowry the filth Joo can rip who he wants. Demand they sign 10 year agreements with property as garantor. Then bleed the pigs to death.
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Maybe it's time to outsource to Asia like Qantas, all banks, Teltras and Optus. Hang on, how we move shopping centres? OOPS. Well, there are still accounting and IT departments, that can move, and also the lawyers, don't forget the lawyers, they are much cheaper in Asia as well.

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More and More Shops are closing due to high rentals. Greedy, when Retailers are having a tough time trying to make ends meet.
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http://au.finance.yahoo.com/news/Westfield-posts-32-fall-H111-aap-3416706369.html?x=0

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Sir lastnail Gold Member Offline Australian Politics Posts: 30092 Gender:	Re: Westfield Group 32% loss Reply #1 - Aug 17^th, 2011 at 1:57pm More for online resellers and less for greedy landlords LOL
Back to top	In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”. IP Logged

djrbfm Senior Member Offline OzPolitic Posts: 352	Re: Westfield Group 32% loss Reply #2 - Aug 18^th, 2011 at 4:33pm Westfield's are great places to loose one's hearing. j.
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Grey

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Re: Westfield Group 32% loss
Reply #3 - Aug 18^th, 2011 at 4:58pm

Obviously the loss is caused by Westfields huge investment in clean energy.

Quote:

Global property giant Westfield Group Ltd is pushing to become more environmentally friendly after allowing a shop at its flagship shopping centre at Bondi Junction in Sydney to install solar panels.

The installation of several solar panels on the roof of the Westfield centre will generate emissions free electricity running directly into the environmental store, Todae.

It will be the first Westfield property in the global portfolio of 118 shopping centres in Australia, New Zealand, the United States and United Kingdom, to use solar panels.

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"It is in the shelter of each other that the people live" - Irish Proverb

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Westfield Group 32% loss Reply #4 - Aug 18^th, 2011 at 5:35pm Im a big fan of Frank Lowy and what he created from humble beginnings with Westfield.
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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Westfield Group 32% loss Reply #5 - Aug 18^th, 2011 at 5:38pm Frank is a great example of how refugees and migrants have shaped modern Australia for the better
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Sir lastnail Gold Member Offline Australian Politics Posts: 30092 Gender:	Re: Westfield Group 32% loss Reply #6 - Aug 18^th, 2011 at 5:57pm adelcrow wrote on Aug 18^th, 2011 at 5:35pm: Im a big fan of Frank Lowy and what he created from humble beginnings with Westfield. but like all empires sooner or later they fall on their sword as new technologies make them obsolete
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vegitamite Ex Member	Re: Westfield Group 32% loss Reply #7 - Aug 18^th, 2011 at 6:46pm Talking to people running businesses, both in a Stockland Mall and a Main street zone is that RENTS never come down in Hard times. they rather shops close than lower rents it seems. Go figure.
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Sir lastnail Gold Member Offline Australian Politics Posts: 30092 Gender:	Re: Westfield Group 32% loss Reply #8 - Aug 18^th, 2011 at 7:07pm Quote: Talking to people running businesses, both in a Stockland Mall and a Main street zone is that RENTS never come down in Hard times. they rather shops close than lower rents it seems. Go figure. then let them go empty and they will have to drop their rent to ZERO as there is no longer any tenant to pay it LOL
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cods Gold Member Offline Australian Politics Posts: 88048	Re: Westfield Group 32% loss Reply #9 - Aug 18^th, 2011 at 7:36pm adelcrow wrote on Aug 18^th, 2011 at 5:38pm: Frank is a great example of how refugees and migrants have shaped modern Australia for the better didnt he also diddle the Tax man out of about $25million by dodgy bank accounts in Switzerland..hummmmmmmmmmmmm or maybe that was just the amount of the fine
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Dnarever Gold Member Offline Australian Politics Posts: 58828 Here Gender:	Re: Westfield Group 32% loss Reply #10 - Aug 18^th, 2011 at 8:00pm I once had a lot of shares in westfield. I think I got rid of them but better double check.
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