Westfield Group earnings slide as asset sales cut revenue WESTFIELD Group, one of the world's biggest owners of shopping malls, has said first-half net profit fell by 36 per cent as sales of less-profitable malls reduced overall revenue. Net profit for the six months through to June fell to $514.8 million from $800.1m a year earlier after the company sold assets worth a combined $4.9 billion. Funds from operations--a measure the company says more accurately represents its underlying performance--rose 3 per cent to $729m.