Radius Care bucks industry trend, reinstates dividend

Andrew Peskett took over as chief executive of Radius Care just over two years ago. (Image: Supplied)

Wed, 29 May 2024

Radius Residential Care reported a net loss after tax of $8.5 million in full-year earnings to March 31 on Wednesday.This figure was significantly brought down by a one-time deferred tax liability of $11.3m associated with "the NZ government [legislating] the removal of tax deductibility of depreciation on commercial buildings".Without this impact, the company would have turned a net profit after tax (Npat) of $2.9m, Radius said. In 2023, the company reported a net loss of $2.1m.Operating cashflow grew 249% to $14.1m as revenues...

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