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Scentre sales up, guidance on track

AAP logoAAP 2/11/2016

Scentre Group is on track to deliver funds from operations of 23.25 cents per security on the back of stronger sales.

The company, which operates Westfield-branded centres in Australia, says it has lifted comparative sales 3.4 per cent to an average of $11,142 per square metre on the back of stronger growth in jewellery, technology, leisure, health and beauty sales in the 12 months to September 30.

Scentre says it expects comparable net operating income growth of 2.7 per cent to three per cent for the 12 months to December 31.

Scentre shares dropped four cents to $4.26 on Thursday.

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