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Scentre Group Reports Full Year Operating Profit For 2020 Of $763.4 Million Net Operating Cashflow Improves 96% In Second Half Of 2020 Scentre Group (ASX: SCG) today released its results for the 12 months to 31 December 2020 with Operating Profit of $763.4 million (14.71 cents per security). Funds From Operations (FFO) for the year was $766.1 million (14.76 cents per security).
The Statutory result for the 12-month period, inclusive of unrealised non-cash items, was a loss of ($3,732) million. The result includes a reduction in property valuations of ($4,254) million during the 12-month period.
Operating Profit, FFO and the Statutory result are each after expensing an Expected Credit Charge (ECC) of ($304) million related to the financial impact of the COVID-19 pandemic.
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SCG Reports FY Operating Profit for 2020 of $763.4 M Net Operating Cashflow Improves 96% in H2 2020