SUM
07/04/2015 08:34
QUARTER
PRICE SENSITIVE
REL: 0834 HRS Summerset Group Holdings Limited
QUARTER: SUM: 1Q15 Metrics - Sales of Occupation Rights
NZX & ASX RELEASE
7 APRIL 2015
1Q15 METRICS - SALES OF OCCUPATION RIGHTS
Metrics for the sales of occupation rights for the first quarter of 2015 are
provided below.
Summerset Group achieved 125 sales for the quarter ending 31 March 2015,
comprised of 78 new sales and 47 resales. This represents a record level of
total sales in a first quarter, and the second highest quarter of sales ever
(with the December 2014 quarter being the highest). This level of sales is
36% higher than that achieved in the same quarter last year.
Summerset CEO Julian Cook said, "We are pleased with this result and with
what has been a great start to the year. The fourth quarter of last year saw
record sales for the Group on the back of four new village openings, and
momentum has continued into the first quarter of this year as well.
"This is our second highest new sales quarter and our second highest total
sales quarter. No new villages opened in this period, and this result is
indicative of continued strong sales results across all sites."
YTD15 SALES OF OCCUPATION RIGHTS
See table attached
FY14 SALES OF OCCUPATION RIGHTS
See table attached
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:00262770 For:SUM Type:QUARTER Time:2015-04-07 08:34:47
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
