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AAP
AAP
Derek Rose

Slimmed down Lendlease posts first profit in two years

Lendlease
Lendlease made a statutory profit of $48 million in the six months to December 31. (Dave Hunt/AAP PHOTOS)

Lendlease has posted its first statutory profit in two years as the property developer slims down, shedding thousands of roles and abandoning its international ambitions.

The company announced on Monday it had made a statutory profit of $48 million in the six months to December 31, compared with a $136 million loss in the same time a year ago.

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