Scentre FY Net Profit Drops 42% to A$174.9 Million

Scentre Reports Decline in Annual Profit for 2023

Scentre announced its annual profit for the 12 months through December, reporting a net profit of 174.9 million Australian dollars. This marks a decrease from the previous fiscal year’s profit of A$300.6 million. The company, which owns and operates nearly 40 Westfield branded shopping centers, also revealed that its funds from operations were 21.11 cents per security.