Summerset comfortable with headwinds, buys new sites
Company announces purchase of three new sites: two in New Zealand, one in Australia.
Summerset’s Kenepuru village is one of its villages currently under development.
Despite well-publicised headwinds, Summerset is upbeat about its prospects after delivering a record underlying result in its first half.
The NZX-listed retirement operator recorded a profit for the six months to June 30 of $132.6 million, down 49%.
Despite revenue being up 20% at $114.1m, and having
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