McGrath shares hit as it warns 'challenging' conditions to continue

By Carolyn Cummins
Updated February 23 2017 - 6:29pm, first published 5:15pm
In August, John McGrath, dubbed "Mr Sydney Real Estate", stepped down as chief executive of the group he founded in 1988. Photo: Daniel Munoz
In August, John McGrath, dubbed "Mr Sydney Real Estate", stepped down as chief executive of the group he founded in 1988. Photo: Daniel Munoz

Shares in listed real estate group McGrath took another hit on Thursday as it warned "challenging" market conditions were likely to continue after reporting a 72 per cent dive in half-year pro-forma profit to $2.4 million.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Newcastle news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.