By Armen Hareyan on 2007-12-16 
Retail investment organisation, Centro Properties, has cut its profit forecast for next year because of the increased costs of financing.
Centro specialises in the ownership, management and development of shopping centres and has downgraded its dividend forecast from 47 cents a share, to 40.6 cents.
The company says it is also considering asset sales, joint ventures and equity injections.
Centro shares have fallen by almost two thirds in early trade, to $2.35. - ABC Australia, Copyright
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