Metlifecare lifts underlying annual net profit 4%

Metlifecare lifts underlying annual net profit 4%
Jenny Ruth
By Jenny Ruth Aug. 26 (BusinessDesk) - Metlifecare’s annual net profit fell 68 percent because of smaller gains in the fair value of its retirement villages but underlying profit was up 4 percent and underlying operating cash flow rose 2 percent. Net profit for the year ended June of $39.2 million compared with $122.6 million the previous year – the unrealised value of its villages rose $53.9 million in the latest year after a $132.7 million gain the previous year. The underlying result of $90.5 million fell $1 million short of Forsyth...

More Services

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025
Aussie fund manager Shaws buys Devon Funds
Finance

Aussie fund manager Shaws buys Devon Funds

The deal is the latest tie-up between Australian and NZ funds managers.

Staff reporters 24 Jun 2025
Buy NZ Made's new service trademark sets high bar
Services

Buy NZ Made's new service trademark sets high bar

One certified business says it sets it apart from multinational competitors.

John Anthony 23 Jun 2025
Reel pain: Strikes hit NZ cinemas, profits dive
Services

Reel pain: Strikes hit NZ cinemas, profits dive

Cinema chains in NZ face box office suspense.

Victoria Young 28 May 2025