Summerset lifts fourth-quarter sales by 50 percent , annual sales top 400

Tue, 07 Jan 2014

Jan. 8 (BusinessDesk) – Summerset Group, whose shares have made more than three times the gains of the NZX 50 Index in the past 12 months, said sales of occupation rights jumped 50 percent in the fourth quarter from a year earlier. The retirement village operator had 60 new sales and 51 resales in the final three months of 2013, up from 43 and 31 sales respectively a year earlier. Sales in the year rose 21 percent to 402, made up of 228 new and 174 resales, the first time annual sales have topped 400. Annual gross cash from sales rose to $1...

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