Third Age Health's profit up 140% as expansion continues

Confidence in the aged sector is bolstered by demographic tailwinds. (Image: Getty)

Tue, 30 Jul 2024

Third Age Health’s shares continued their rise after its latest trading update, with the chief executive saying an aging population could create further gains for the company.The aged care service provider told the market in a quarterly update after close on Friday that its net profit after tax grew 140.1% to $521,000, compared with the first quarter of the 2024 financial year.On Monday, chief executive Tony Wai told BusinessDesk the company is “positive about the future” and “comfortable with the trajectory&rd...

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