Slower property market hits Metlifecare
Revaluation gains brought down the full-year result but occupation agreement sales are up.
Andrew Bevin
Mon, 26 Aug 2019
Metlifecare improved its operating earnings by 4% to $90.5m while profits dropped 68% to $39.2 million on the back of low valuation gains in a slower property market in the year to June 30.
Chief executive Glen Sowry said the cash generation of the company had remained strong, with earnings up
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Andrew Bevin
Mon, 26 Aug 2019
Contact the Writer: andrew@nbr.co.nz
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Slower property market hits Metlifecare
Business,
80606