UPDATE: Metlifecare shares fall 4.8% as posts drop as first-half profit falls 66%

Mon, 26 Feb 2018

(Recasts lede to include share price, adds broker comments) By Tina Morrison and Rebecca Howard Feb. 26 (BusinessDesk) - Metlifecare shares fell 4.8 percent after New Zealand's second-largest listed retirement village operator posted a 66 percent drop in first-half profit as the property market slowed and it missed out on sales gains after it bought back units to temporarily rehouse residents while it fixed up leaky buildings in their villages. The stock dropped 30 cents to $5.95, near a two-week low, after the Auckland based company...

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