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Oceania Healthcare’s profit slows

Reasons include timing, cost of new builds, refurbishments and wage increases.

Andrew Bevin Thu, 25 Jul 2019

In its second full-year result since going public in 2017, Oceania Healthcare posted a profit of $45.4 million for the year ended May 31, down $31.6m on last year’s result.

The aged care provider blames the drop on unchanged valuations for existing villages.

Oceania’s underlying profit, a

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Andrew Bevin Thu, 25 Jul 2019
Contact the Writer: andrew@nbr.co.nz
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Oceania Healthcare’s profit slows
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