close
MENU
General Business
5 mins to read

Metlifecare’s profit plunges 166% on property portfolio value fall

Its board has been busy with Asia Pacific’s on-off-on-again takeover bid.

Metlifecare’s has made an after-tax loss of $33.7 million in the year to June 30, down 166% on last year’s profit of $51.2m, on dampened property revaluations due to Covid-19.

The Auckland-based listed retirement village operator saw a $74.8m reduction in the fair value of its investment

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

NZ$399.00 / yearly

Offer ends March 31st

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Subscription

NZ$29.95 / monthly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Calida Stuart-Menteath Wed, 26 Aug 2020
Contact the Writer: calida@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Metlifecare’s profit plunges 166% on property portfolio value fall
General Business,
84712
true