Metlifecare expects to increase FY profit about 13% as it expands in high-value areas

Tue, 24 Feb 2015

By Tina Morrison Feb. 25 (BusinessDesk) - Metlifecare, New Zealand's second-largest listed retirement village operator, signalled full-year underlying profit may rise about 13 percent as it expands in higher value markets. The Auckland-based company posted a 70 percent gain in first-half underlying profit, which removes non-cash items including unrealised valuation gains, to $26 million, and said profit in the second half of its financial year is expected to be in line with that. That equates to full-year underlying profit of about $52 mi...

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