Goodman Group triples H1 profit

Commercial and industrial property group Goodman has upgraded its full year earnings forecast after enjoying a strong first half.

Goodman tripled its net profit to $512.7 million in the six months to December 31, with operating profit rising 10 per cent to $327m.

The global property group said it had outperformed expectations and was in a strong position to maintain its earnings momentum in the second half.

It now expects to lift its full year operating earnings per security by seven per cent, instead of its previously forecast six per cent.