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Radius doubles profit, criticises migrant worker settings

The retirement operator recorded a full-year profit of $2.7m.

Radius chief executive Andrew Peskett.

Andrew Bevin Mon, 30 May 2022

In an acquisitive year, Radius Residential Care has lifted revenue 9% and more than doubled net profit.

The NZX-listed aged care business generated revenue of $133.38 million during the 12 months ended March 31, up 9%, while net profit after tax rose 56.8% to $2.7m.

Chief executive Andrew Peskett

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Andrew Bevin Mon, 30 May 2022
Contact the Writer: andrew@nbr.co.nz
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Radius doubles profit, criticises migrant worker settings
Investment,
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