Property developer Australand is on track to lift its annual earnings even if a $2.6 billion takeover offer from a Singapore company falls through.

Australand on Monday reported a 49 per cent rise in net profit to $131.54 million for the six months to June 30. The company said that if the takeover offer from Frasers Centrepoint lapses, it still expects to increase earnings per security by 20-25 per cent in 2014. Earnings per…