SUM
12/01/2015 08:44
QUARTER
PRICE SENSITIVE
REL: 0844 HRS Summerset Group Holdings Limited
QUARTER: SUM: 4Q14 Metrics - Sales of Occupation Rights
NZX & ASX RELEASE
12 JANUARY 2015
4Q14 METRICS - SALES OF OCCUPATION RIGHTS
Metrics for the sales of occupation rights for the final quarter of 2014 are
provided below.
The Group achieved 164 sales for the quarter ending 31 December 2014,
composed of 113 new sales and 51 resales. This represents a record level of
total sales in a quarter, and is 48% higher than that achieved in the same
quarter last year.
The 113 new sales is also the highest quarter of new sales in the company's
history, beating the previous record of 68 new sales in the third quarter of
2014, a 66% increase.
Summerset CEO Julian Cook said, "The record activity and level of sales
across the Group in the last quarter of 2014 was very pleasing. As
previously indicated, we had four new villages contributing to new sales
results in the second half of 2014, with openings in Karaka, Hobsonville, New
Plymouth and the Trentham extension. All of these contributed to the strong
sales figure.
"Sales momentum for new retirement units over the the first quarter of 2015
remains strong, though we do not expect the sales outcome to be at the levels
seen this quarter due to the timing of new village openings."
Resales for the quarter were also strong at 51, and were the highest
quarterly results in the 2014 year. Unsold resale stock at 31 December
remains low at 26 retirement units.
FY14 SALES OF OCCUPATION RIGHTS
See table attached
FY13 SALES OF OCCUPATION RIGHTS
See table attached
NOTES:
- Quarterly metrics on occupation right sales are provided by the 10th of the
month following the end of each quarter.
- 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 7317 or 029 894 7317
For media enquiries:
Kimberley Rothwell
Communications Advisor
[email protected]
04 894 6993 or 027 601 2001
End CA:00259667 For:SUM Type:QUARTER Time:2015-01-12 08:44:32
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.
