BRIEF-NZ's Metlifecare raises profit guidance

WELLINGTON Thu May 22, 2014 4:38pm EDT

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WELLINGTON May 23 (Reuters) - Metlifecare Ltd

* Expects underlying profit for year to June 2014 between NZ$43 million-NZ$46 million ($36.9 million-$39.4 million)

* Previous guidance of NZ$34 million to NZ$38 million

* The lift in underlying profit guidance results from stronger settlements activity at The Poynton Stage 3

* Also higher capital gains and deferred membership fee income from resales activity. Source text for Eikon: Further company coverage: ($1 = 1.1667 New Zealand Dollars)

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