NZ's Metlifecare sees full-yr profit of $29-32 mln

WELLINGTON, March 11 Tue Mar 11, 2014 12:02am EDT

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WELLINGTON, March 11 (Reuters) - New Zealand retirement village operator Metlifecare Ltd on Tuesday said it expected full-year underlying profit to come in between NZ$34 million-NZ$38 million ($28.78 million-$32.16 million).

The guidance from Metlifecare, which operates 23 villages around the country, followed a rise in first-half profit to NZ$15.3 million. The company has said it expects to see further growth from developments underway. ($1 = 1.1815 New Zealand dollars) (Reporting by Gyles Beckford; Editing by Miral Fahmy)

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