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Oceania Healthcare reports loss as property values cut

Level 4 lockdown affected sales settlement.

Oceania Healthcare has reported an annual net loss of $13.6 million, down from a profit of $45.4m the previous year, on lower valuations of its property portfolio.

The Auckland-based retirement village and aged care provider’s underlying net profit of $42.9m in the year to May 31 was 15.4%

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Calida Stuart-Menteath Thu, 23 Jul 2020
Contact the Writer: calida@nbr.co.nz
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Oceania Healthcare reports loss as property values cut
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