Stockland (AU:SGP) has released an update.
Stockland has announced a restructuring of its segment reporting to align with its updated organizational structure, focusing on ‘Development’ and ‘Investment Management’ starting from FY24. The new reporting format, reflecting the company’s strategic growth, will be used in future disclosures, including the FY24 results set to be released on August 22, 2024. Importantly, the reclassification does not affect historical financial metrics like Group EBIT and Statutory Profit.
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