By Duncan Bridgeman
Friday 2nd May 2003 |
Text too small? |
Chairman Peter Fitzsimmons told shareholders at yesterday's annual meeting the company had improved its operational facilities and was in a good position to take advantage of an aging population.
Changing demographics have been trumpeted by the industry for a while but the idea has failed to arouse interest from investors.
Metlifecare has been one of the better-performing companies in the industry though, reporting a net profit of $10.4 million for the year to December 2002, up from $7.2 million for the previous year.
At presstime yesterday, Metlifecare's shares' last trade was $1.18.
Last year the company sold its Epsom and Browns Bay facilities in Auckland and acquired new development opportunities in Takapuna.
No dividend was announced yesterday.
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes