Stockland Full-Year Profit Drops 79%

Stockland (OTC: STKAF ) reported a 79% drop in its full year profit. Stockland's net profit for the year declined to 104.6 million Australian dollars (US$95.4 million). Its underlying earnings dropped 27% to A$494.8 million, versus analysts' estimates of A$489 million.(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights