SUM
07/07/2015 08:45
QUARTER
PRICE SENSITIVE
REL: 0845 HRS Summerset Group Holdings Limited
QUARTER: SUM: 2Q15 Metrics - Sales of Occupation Rights
NZX & ASX RELEASE
7 JULY 2015
2Q15 METRICS - SALES OF OCCUPATION RIGHTS
Metrics for the sales of occupation rights for the second quarter of 2015 are
provided below.
Summerset Group achieved 270 sales for the six months ending 30 June 2015,
comprising 160 new sales and 110 resales.
This is the highest level of sales in a half year for the Group. This level
of sales is 38% higher than that achieved in the first half of last year.
Summerset CEO Julian Cook said, "This is our highest half year sales result
to date and a new record for Summerset. Chief amongst the drivers for this
are the high level of resales, complemented by continued momentum from the
opening of four new villages in the second half of 2014."
"The 110 resales achieved in the six months to 30 June is also a record for
the company, being the highest level of resales in a single six month period
for Summerset."
"As previously signalled, we will be opening one new village this year.
Wigram village will open in the fourth quarter of the year and will
contribute to sales in this quarter."
The Group will also be opening new care centres in three of its developing
villages over the second half of the year.
YTD15 SALES OF OCCUPATION RIGHTS
See attached table
FY14 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:
Scott Scoullar
Chief Financial Officer
[email protected]
04 894 7320 or 029 894 7317
For media enquiries:
Katy Sweetman
Senior Communications and Marketing Advisor
[email protected]
04 894 6993 or 027 601 2001
End CA:00266716 For:SUM Type:QUARTER Time:2015-07-07 08:45:27
