Summerset First Half Underlying Profit Of $45.1m

• 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 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Seeka Increases Forecast Full Year Earnings Guidance
TEM - Ability to invest in derivatives
Devon Funds Morning Note - 16 September 2025
September 17th Morning Report
MPG - Recapitalisation Closes Oversubscribed, Raises $23.9m
IPL - Indicative Issue Margin Range for Notes Offer
TWG partners with Tata Consultancy Services
Spark announces leadership team changes
September 15h Morning Report
Tower updates FY25 guidance