Update: Oceania Healthcare full-year profit, underlying earnings ahead of IPO forecast

Thu, 27 Jul 2017

(Recasts lead and adds CEO comment throughout) By Rebecca Howard July 27 (BusinessDesk) - Oceania Healthcare, which listed in May, said full-year net profit and proforma underlying earnings exceeded its forecasts on the back of a lift in the valuation of its care and retirement village assets and it is on track to meet its forecast for the 2018 financial year. The Auckland-based aged-care operator said its reported net profit was $44.9 million in the year to May 31, ahead of the $25.3 million forecast in its product disclosure state...

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