Financial Performance
The entity combines Centro Properties Group and Centro Property Trust. 82% of its net income comes from retail property ownership. In 1993, it had a market capitalisation of just over $90 million. Its operating profit in 2005 was $253.4 million. In 2006, it had a $5.5 billion market capitalisation making it one of the top 100 companies listed on the Australian Securities Exchange. However, in the 2008 year, Centro lost more than $2 billion because of a fall in property values and asset write-downs.
Read more about this topic: Centro Properties Group
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