Babcock says underlying factors still supportive

SYDNEY, June 30 (Reuters) - Australian investment firm Babcock & Brown Ltd (BNB.AX) said the underlying assumptions made for its 2008 group profit forecast of A$750 million ($721 million) still hold.

Phil Green, chief executive of Babcock & Brown, made the comment at a media briefing on Monday. ($1=A$1.04) (Reporting by Denny Thomas) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net))