Summerset profits up 3% in ‘subdued’ first-half results

Summerset's chief executive Scott Scoullar says the result is a “credible outcome”. (Image: Supplied)

Mon, 26 Aug 2024

Summerset said its first-half underlying net profit was $89.9 million, up 3% on the year and in line with guidance.“We’ve shown the continued strength of our sales pipeline, our disciplined approach to costs and the demand for our retirement living option despite the weak macroeconomic conditions we find ourselves in,” said chief executive Scott Scoullar.Scoullar told BusinessDesk the “subdued” first half came in the “worst trading conditions” he has seen in his 11 years at the company. That s...

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