Third Age Health boosts dividend on back of strong profit

Most of the company's revenue came from its core aged residential care business. (Image: Getty)

Fri, 02 Feb 2024

Third Age Health has shown a solid year-over-year improvement in profit in its latest earnings report.The aged residential care company posted an unaudited net profit of $446,000 for the third quarter ending Dec 31, 2023.This is up 140.7% year-over-year and 39.7% from the prior quarter.The underlying net profit before tax and amortisation was $699,000 on a total group revenue of $3.8 million.Revenue was steady year-over-year, dropping just 0.3%, with $2.1m coming from the company’s core aged residential care business.The board a...

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