Metlifecare upbeat as profit improves by 28%

Wed, 26 Feb 2020

Metlifecare lifted first-half net profit by 28 percent to $24.6 million with increased resales volumes and higher selling prices. The retirement village operator, which is currently subject to a takeover offer, is upbeat about the local real estate market and expects more confidence in coming months. “The company has been encouraged to see improved local market confidence emerging in late calendar 2019 and expects this to continue into the second half of the financial year,” chair Kim Ellis said in a statement. Still, higher cons...

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