Lendlease accidentally released results early - and its shares rose

Photo: Chris Haston/NBC/getty Images

Property group Lendlease accidentally publicly released part of its annual financial results today before they were ready.

The misstep sent its shares 1% higher to close at $16.66.

The accidentally released numbers show full year EBITDA (earnings before interest, taxes, depreciation, and amortisation) at $1.2 billion, up from $1.05 billion in 2016.

Profit after tax was also higher at $758.6 million, up from $698.2 million in 2016.

“While preparing for our Annual Report online release scheduled for 28 August, a testing environment appears to have been inadvertently made accessible to the public through an automated search engine,” the company said.

“Unfortunately six pages of the draft Annual Report as a result appear to have been accessed by members of the public. The breach has now been rectified and all further testing has ceased.”

Lendlease says the numbers are still in draft and not approved by the board of directors.

“However, we expect that the FY17 results to be released to the market on 28 August 2017 will be in line with what is disclosed,” the company says.

Here are the key numbers from the accidental release:

Source: Lend Lease

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