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- Release Date: 08/01/14 10:37
- Summary: QUARTER: SUM: 4Q13 Metrics - Sales of Occupation Rights
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SUM
08/01/2014 08:37
QUARTER
REL: 0837 HRS Summerset Group Holdings Limited
QUARTER: SUM: 4Q13 Metrics - Sales of Occupation Rights
NZX & ASX RELEASE
8 JANUARY 2014
4Q13 METRICS - SALES OF OCCUPATION RIGHTS
Metrics for the sales of occupation rights for the final quarter of 2013 are
provided below.
The Group achieved 402 sales across the year ending 31 December 2013,
composed of 228 new sales and 174 resales.
This represents a 21% increase in the total number of sales on the prior
comparable period. Gross cash for sales for the year were NZ$131 million, up
from $102 million on the prior year.
"Achieving over 400 sales of occupation rights for the year is another
milestone achieved for the company and reflects our experience as operators.
We are constantly looking to improve what we do and offer and our sales
reflect this" said CEO Norah Barlow.
Over the fourth quarter of 2013, the Group achieved 60 new sales of
occupation rights and 51 resales of occupation rights.
This is an increase in total sales of 50% on the same quarter of 2012, with
111 sales in 4Q13 compared to 74 sales in 4Q12.
FY13 SALES OF OCCUPATION RIGHTS
See attached table
FY12 SALES OF OCCUPATION RIGHTS
See attached table
NOTES:
o Quarterly metrics on occupation right sales are provided by the 10th of the
month following the end of each quarter.
o The quarterly sales metrics provided may not necessarily reflect NZ IFRS
financial performance for the corresponding period. In particular, key items
in the income statement, such as the fair value movement of investment
property, are dependent on several variables, of which one is occupation
right sales. NZ IFRS financial performance is calculated for the periods
ending 30 June and 31 December each year.
ENDS
For investor relations enquiries:
Julian Cook
Chief Financial Officer
[email protected]
04 894 7310 or 029 894 7310
For media enquiries:
Kimberley Rothwell
Communications Advisor
[email protected]
04 894 6993 or 027 601 2001
End CA:00245877 For:SUM Type:QUARTER Time:2014-01-08 08:37:55
