Main takeaway: Management believes its net debt and gearing levels have likely peaked, and will plateau as the company begins to sell down its large inventories of units and care suites.
NZX-listed retirement village provider Oceania Healthcare believes its debt levels have reached their peak after it jumped more than $60 million in the six months ended September.
Net debt rose to $616.3m over the period, up from $555.1m in the 12 months ended March.
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
Revenue: Rose 8% to $131.6m.
Net Profit: Up 214% to $35.2m
Main takeaway: Management believes its net debt and gearing levels have likely peaked, and will plateau as the company begins to sell down its large inventories of units and care suites.
