Listed retirement specialist Summerset pushed up underlying profit 46 per cent to make $22.2 million for the full year to December 31.
The business made $34.2 million net profit after tax, up 131 per cent on 2012.
That includes $8.4 million of gains in the fair value of greenfield land held in Auckland and the benefit of income tax losses of $2.2 million, recognised for the first time.
See the company's latest presentation here.
Managing director and CEO Norah Barlow said last year was one of high growth and she was very happy with the performance of the company.
