RESEND: Metlifecare boosts earnings 37%, at top end of guidance, appoints Kim Ellis as chair

Sun, 24 Aug 2014

(Changes first paragraph to reflect underlying profit in line with headline.) By Suze Metherell Aug. 25 (BusinessDesk) - Metlifecare, the retirement village operator which counts the New Zealand Superannuation Fund and Infratil as cornerstone investors, increased underlying full-year earnings by 37 percent, at the top end of its guidance, and named seasoned company director Kim Ellis as chairman. Underlying profit, which removes non-cash items including unrealised valuation gains, rose to $46 million, from $32.1 million a year earlier,...

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