Radius sees annual net profit jump by over 50%

Tue, 31 May 2022

Radius Residential Care has reported an annual profit boost of 52% with the aged-care and retirement village provider citing its plan of expansion behind the profit increase.The aged-care company made $2.6 million in the 12 months ended March 31, up from $1.7m in the previous period.Revenue also rose to $132m, up from the previous year’s $121.2m.This was even though last year's $2.8m property revaluation gains fell to $1.08m in the current financial period.Chief executive Andrew Peskett said the company’s result was an “ex...

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