Metlifecare sees annual earnings growth of up to 18 percent

Tue, 11 Mar 2014

March 11 (BusinessDesk) - Metlifecare, the retirement village operator which counts the New Zealand Superannuation Fund and Infratil as cornerstone investors, sees annual earnings growth of up to 18 percent provided current trading conditions stay in place. The Auckland-based company forecasts underlying profit of between $34 million and $38 million in the 12 months ending June 30, up from $32.1 million a year earlier, it said in a statement just before the market closed. The guidance assumes recent trading conditions will persist, it said....

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