Radius Residential Care Limited (NZX: RAD) has reported a Net Profit After Tax of $1.7m for the six months ended 30 September 2022, an increase of 29.2% on the prior year comparative period.
Pre-NZ IFRS 16 Underlying EBITDA was also up on the prior period at $7.0m and revenue increased 7.6% to $69.9m.
Occupancy levels remain strong and well above industry averages and the company has made excellent progress on international registered nurse recruitment, with an additional 120 nurses starting early in 2023.
A fully imputed gross dividend of 0.70 cents per share has been declared for the half year.
Radius Care is expecting a second half result that is likely to exceed the pre-NZ IFRS16 Underlying EBITDA achieved in the first half.
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