Metlifecare's after-tax profit halves on property value plunge
Increased pressure from a tight construction market and nurse pay increases.
Calida Stuart-Menteath Mon, 27 Aug 2018
Retirement village operator Metlifecare has seen annual income and after-tax profit fall, although underlying earnings grew.
Auckland-based Metlifecare’s net profit after tax halved from $251.5 million to $125.1m in the year to June 30, as the rate of fair value movement in investment
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