Vital Healthcare 1H distributable profit rises 44 percent as building projects lift income

Thu, 21 Feb 2013

Feb. 22 (BusinessDesk) – Vital Healthcare, which invests in medical and healthcare properties, lifted distributable profit by 44 percent after completing three add-on building projects at existing Australian sites, boosting rental income. Distributable profit, the earnings measure it uses for distributions to unitholders, rose to $13.9 million in the six months ended Dec. 31, from $9.6 million a year earlier. Net property income rose 22 percent to $28.3 million, beating Forsyth Barr’s estimate of $26.6 million. Net profit rose 180 percent to...

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