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Metlifecare net profit falls, debt jumps in FY23

Company debt increased by more than half over the year.

Formerly listed retirement village operator Metlifecare has reported a “solid” financial performance in the 12 months ended June, as the company saw a lift in fees charged and unit sales.

The company, which was taken private by a subsidiary of Swiss private equity firm EQT Infrastructure in

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Nicholas Pointon Thu, 24 Aug 2023
Contact the Writer: nicholas@nbr.co.nz
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Metlifecare net profit falls, debt jumps in FY23
General Business,
100543
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