KEY POINTS:
Retirement village company Metlifecare has reported a net profit rise of 26 per cent to $14.6 million for the half-year to December.
It compared the result with $11.5 million earned for the first half of 2006, saying that was the comparative period used due to a change in the company's balance date.
Metlifecare said the result reflected strong margin growth in resales.
An interim dividend of 10 cents per share would be paid, without imputation credits.
At the end of 2006, Metlifecare owned and operated 15 lifestyle villages incorporating nine care facilities. It had 2232 villas and apartments, providing care for more than 2850 residents.
Metlifecare shares last traded at $6.75 on Wednesday, down from the year high of $6.97 a month ago, but well up on the year low of $3.90 in February last year.
- NZPA
