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
Famous quotes containing the words financial and/or performance:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“There are people who think that wrestling is an ignoble sport. Wrestling is not sport, it is a spectacle, and it is no more ignoble to attend a wrestled performance of suffering than a performance of the sorrows of Arnolphe or Andromaque.”
—Roland Barthes (1915–1980)