Summerset hits profit high, no intention to raise capital
One analyst believes the retirement village operator ought to consider a cap raise to help grow in Australia.
Summerset’s St Johns village in Auckland.
NZX-listed retirement village operator Summerset Group Holdings says it has no plans to raise capital and is “really comfortable” with its debt levels, after reporting an 8.4% rise in underlying annual profit to $206.4 million this morning.
The company’s gearing ratio increased to 36.4% from
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