Upbeat Mirvac boss sees growth ahead MIRVAC Group's 69 per cent fall in half-year net profit to $55 million came as little surprise to the market yesterday, after the property group last week flagged $273m in provisions on its developments in Western Australia and Queensland and its rival Stockland wiped a similar amount off its projects just one day earlier. But despite flat earnings from its investment properties and falling earnings for its development arm during the period, managing director Susan Lloyd-Hurwitz said Mirvac was on track for profit growth.