WELLINGTON Feb 28 New Zealand retirement
village operator and aged care provider Metlifecare Ltd
reported a percent rise in its underlying first half profit on
Friday and said it expected further growth from developments
It said net profit for the six months to Dec 31 was NZ$26.8
million ($22.45 million) compared with NZ$87.1 million the year
before, which had included NZ$63.6 million in gains from
acquisitions and asset sales, and if excluded gave a NZ$25
The company, which has 23 villages, declared a dividend of
1.25 cents a share compared with one cent last year.
Utilities investor Infratil Ltd and the
state-pension fund New Zealand Superannuation each took 19.9
percent stakes in the company after previous major shareholder
FKP Properties sold out last October.
($1 = 1.1938 New Zealand dollars)