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Summerset annual profit down, share price falls

The company does not expect profit growth this year either.

Summerset Group’s profit growth has substantially slowed and no uplift is forecast this year.

The retirement village and aged care provider saw its net profit after tax in the year to December 31, 2019 fall 18% to $175.3 million, with fewer new units delivered.

Underlying profit, which

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Calida Stuart-Menteath Tue, 25 Feb 2020
Contact the Writer: calida@nbr.co.nz
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Summerset annual profit down, share price falls
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