Lendlease had earlier signed a contract and had taken an A$295 million ($191.69 million) provision against potential liabilities for its properties in the U.K. because of industry-wide action by the country's government.

Its statutory loss after tax for the year came in at A$232 million, compared to A$99 million reported a year ago, the company said.

($1 = 1.5389 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru)