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Oceania Healthcare boss unfazed by 97% profit plunge

Fewer property revaluations and higher staff costs weigh on result.

Calida Stuart-Menteath
Fri, 25 Jan 2019

Oceania Healthcare’s first-half profit was substantially down on the same period the year before, hit by fewer property value movements and higher staff costs.

Net profit for the six months to November 30 fell 97% to $1.3 million from $44.5m in the same six months a year earlier.

The

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Calida Stuart-Menteath
Fri, 25 Jan 2019
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Oceania Healthcare boss unfazed by 97% profit plunge
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