RESEND: Summerset second quarter sales growth stalls as development in focus

Thu, 03 Jul 2014

(Fixes percentage in 2nd graph) By Tina Morrison July 4 (BusinessDesk) - Second quarter growth stalled in the sale of occupation rights at retirement village operator Summerset Group as it focuses on developing villages for future growth. Wellington-based Summerset sold 103 occupation rights in the second quarter, compared with 100 in the same quarter last year, the company said. That equates to growth of 3 percent, compared with a gain of 23 percent in the same quarter last year. In the most recent quarter, new sales of occupation...

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