Summerset profit plunges on Covid impacts
Fair value of property portfolio hit, although underlying profit holds up.
Summerset Group has seen a large decline in the value of its property portfolio, which caused profit after tax to fall to less than $1 million.
Reported profit after tax fell 99% to just $988,000 in the six months to June 30, down from $92.6m in the same period last year, due to a decline in
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