Summerset Group Holdings Limited, the largest retirement village operator in New Zealand, has posted a 44% increase in underlying profit for FY21 to NZ$141.1 million, along with a 136% increase in net profit after tax at NZ$543.7 million.
Total assets have increased by 26% to NZ$4.9 billion and 978 occupation right sales were recorded, up 25% on FY20.
619 new units under occupation right agreement (ORA) were delivered, up 74% on FY20, and the final dividend of NZ8.6 cents per share brings the total dividend payable for FY21 to NZ18.5 cents per share, up 42% on FY20.
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