Oceania Health on track to lift annual earnings at least 51%, meeting IPO forecast

Tue, 01 May 2018

By Paul McBeth May 1 (BusinessDesk) - Oceania Healthcare says it's on track to lift underlying earnings by at least 51 percent and meet forecasts in its offer document, with strong demand for its aged care suites. The Auckland-based company today said it's on track to meet the forecasts provided in its 2016 initial public offering document, implying underlying earnings will rise to at least $51.4 million in the year ending May 31 from the $34 million reported in 2017. Oceania more than doubled underlying earnings in the first half of the...

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