NZHG reports higher profit despite margin squeeze

Tue, 06 Dec 2022

New Zealand Health Group (NZHG) has reported an increased net profit before tax, but said underfunding of the sector remains a challenge to margins.NZHG’s businesses, including Geneva Healthcare, HealthCare NZ, Solora, NZ Care, Umbrella, MySkill, Freedom Medical Alarms and Explore, provide health and other services to more than 30,000 people.Its annual report for the year ending June 30, 2022, recorded a net profit after tax of $18.8 million, compared to $9.8m (including other income, net of income tax) in the previous year.NZHG said the...

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