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- Release Date: 11/03/14 18:47
- Summary: FORECAST: MET: Metlifecare FY 2014 Earnings Guidance
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MET
11/03/2014 16:47
FORECAST
REL: 1647 HRS Metlifecare Limited
FORECAST: MET: Metlifecare FY 2014 Earnings Guidance
Date: 11 March 2014
Media Release
METLIFECARE FY 2014 EARNINGS GUIDANCE
Metlifecare (NZX: MET; ASX: MEQ) has recently reported its half year results
for the period to 31 December 2013. The half year results included reporting
an underlying profit of $15.3 million (footnote 1). Metlifecare advises,
based on its trading performance to 31 December 2013 and assuming a
continuation of these recent trading trends for the next six months,
underlying profit guidance of between $34 million and $38 million for the
year to 30 June 2014.
ENDS
About Metlifecare
Metlifecare is a publicly-listed aged care and retirement lifestyle company.
Established in 1984, the company has a proven track record of successfully
owning and managing retirement villages in New Zealand. Metlifecare currently
owns villages in prime locations throughout the North Island of New Zealand,
with most providing a full continuum of care from independent villas and
apartments through to serviced apartments, rest homes and hospitals.
(footnote 1) Underlying profit removes the impact of unrealised gains on
investment properties and excludes one-off gains and deferred taxation. It is
a non-GAAP financial measure and is not prepared in accordance with NZ IFRS.
Underlying profit is an industry-wide measure and Metlifecare believes it
assists readers to understand the operating performance of the business.
Underlying profit is reconciled to reported profit in Metlifecare's half year
announcements on 28 February 2014.
For more information, please contact:
Alan Edwards
Chief Executive Officer
Phone: +64 9 539 8000
www.metlifecare.co.nz
End CA:00248068 For:MET Type:FORECAST Time:2014-03-11 16:47:16
