Australia's Lendlease hits over 3‑decade low after posting first‑half loss

Feb 23 (Reuters) - Australia's Lendlease Group LLC.AX swung to a first-half loss on Monday, as investment property revaluations and impairments dragged, sending its shares tumbling to a more-than-three-decade low.

Shares of the property developer fell as much as 7.9% to A$4.220, their lowest since mid-April 1989, and marked the steepest intraday percentage decline since April 7, 2025. The broader benchmark ASX200 .AXJO slipped 0.8% by comparison.

The group posted a loss after tax attributable of A$318 million ($224.86 million) for the half-year ending December 31, compared with a profit of A$48 million a year earlier.

($1 = 1.4142 Australian dollars)