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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

‘Sales volumes need to increase’ – Oceania boss

The retirement village and aged care provider has $305m worth of unsold stock it needs to clear.

Key points
  • Revenue: Up 1% to $132.6 million in the six months ended September 30.
  • Loss: $17.1m, down from a $35.2m profit the previous comparable period.
  • Main takeaway: The company says it needs to clear unsold stock, to help reduce debt and resume dividends.

Oceania Healthcare has stressed the importance of clearing unsold retirement units and care suites, as it will be critical to reducing debt and the resumption of dividends.

The NZX-listed retirement village and aged care provider has reported the value of unsold stock fell 13.5% in the six months

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Nicholas Pointon Fri, 22 Nov 2024
Contact the Writer: nicholas@nbr.co.nz
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Key points
  • Revenue: Up 1% to $132.6 million in the six months ended September 30.
  • Loss: $17.1m, down from a $35.2m profit the previous comparable period.
  • Main takeaway: The company says it needs to clear unsold stock, to help reduce debt and resume dividends.
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‘Sales volumes need to increase’ – Oceania boss
Investment,
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