Vital Healthcare's first-half profit climbs 22.2%

Vital Healthcare's first-half profit climbs 22.2%
Jenny Ruth
Vital Healthcare Property Trust's manager said first-half net profit rose 22.2 percent and normalised distributable income was up 14.6 percent as the value of its properties increased, rents rose and interest costs fell. Vital's net profit for the six months ended December rose to $57.2 million from $46.8 million in the same six months a year earlier. The value of its properties rose by $42.6 million, up 2.3 percent from June last year, to $1.93 billion pushing net tangible assets per unit up to $2.36 from $2.24 in December 2018. The u...

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