Summerset First Half Underlying Profit Of $45.1m

Monday 17th August 2020

• Underlying profit for 1H20 of NZ$45.1 million, down 6% on 1H19

• Reported (IFRS) profit after tax of NZ$1.0 million

• Total assets of NZ$3.4 billion, up 13% on 1H19

• 139 new retirement units delivered

• 264 total sales of occupation rights

• Interim dividend of NZ6.0 cents per share

Retirement village operator Summerset Group Holdings Limited has announced an underlying profit of NZ$45.1 million for the first half of 2020.

Summerset CEO Julian Cook said the result was at the top end of market guidance provided in early July which forecast underlying profit between NZ$40 million and NZ$45 million. See the links for detail.

Results Announcement - 1H20

Half Year Report - 1H20

Source: Summerset Group Holdings Limited

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