Vital Healthcare lifts bottom line annual profit 22 percent to $9 million

Thu, 23 Aug 2012

Aug. 24 (BusinessDesk) - Vital Healthcare Property Trust's boost annual profit 22 percent to $9 million, on acquisitions and completed development projects, the manager said. Net distributable income rose 28 percent to $23.3 million for the year ended June 30, or 8 cents per unit, down from 8.2 cents the previous year. Chairman Graeme Horsely said successful delivery of a 7.7 cents per unit payout for the year, as promised in the prospectus for the trust's $151 million capital raising in late 2010 which funded the purchase of 12 Australian...

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