Metlifecare profit slumps 66 per cent
The retirement giant made $56.5 million in half-year profit.
The retirement giant made $56.5 million in half-year profit.
Merger would put them on firmer ground for a transtasman expansion, First NZ Capital says.
Metlifecare's annual earnings included plans to increase dividends.
Retirement village residents have made a complaint about Metlifecare's handling of repairs
Waitakere residents have lodged a formal complaint over repairs to balconies.
Expert says Fisher & Paykel Healthcare and A2 popular.
Metlifecare has named Richard Thomson, Air NZ's general manager commercial, as CFO.
Metlifecare has bought a 2.4 hectare site in Auckland's Botany suburb.
New report reveals scale - and risks - of retirement village growth
Metlifecare's leaky building bill has more than doubled from just over $20 million to $44.1m.
New Zealand's second largest listed retirement business recorded a 33 per cent change in the fair value of its investment properties.
A2 Milk stock falls as firm's CEO and chair sell shares.
84yo woman evacuates from retirement village - and is rescued by a motorist on a state highway. But where was everyone else?
Investors need to consider the increasing debt being taken on by some retirement village operators, according to a report.
Retirement village operator Metlifecare's latest big operation has opened on Auckland's North Shore.
The business of getting old is proving highly profitable for Metlifecare.
Tell us a bit about your background, before you came to New Zealand.After school I completed a Higher Diploma in Education which led to a six-year teaching career.
Huge demand in the retirement sector propelled Metlifecare to push up net profit after tax 78.3 per cent to $122.7m.
The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.
An excellent communicator albeit with a quietly confident manner, highly successful but without any arrogance, an affinity with those moving into quiet retirement but with a love of hard-rocking Shihad - Ryman Healthcare boss Simon Challies.
The spectre of a retirement village unit oversupply, high rates of new development in Auckland and deferred management fees higher than those charged by a rival were issues raised yesterday at Metlifecare's annual meeting.
Metlifecare chief executive Alan Edwards told shareholders at the AGM this afternoon how new residents were doing well from their house sales.
Huge growth in the retirement village sector, particularly in Auckland, has prompted listed specialist Metlifecare to upgrade its earnings guidance range.