FKP looks forward to retirement

Posted on: Sun, 29 Nov 2009 12:30:00 EST


Symbols: STKDF
Nov 29, 2009 (The Australian Financial Review - ABIX via COMTEX) --
STKDF | Quote | Chart | News | PowerRating -- KFP posted a $A319.4 million loss in 2008-09 and was subject to speculation of a takeover bid by 15 per cent shareholder Stockland Group. CEO Peter Brown says the Australian listed diversified property group is well-placed to expand in 2010 thanks to the recovery of the housing market. Brown noted at the firm's AGM that residential work makes up 95 per cent of KFP's development projects.

Publication Date: 28 November 2009

FKP PROPERTY GROUP - ASX FKP
STOCKLAND - ASX SGP

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