Letter from the Chairman
I am very pleased to be able to report to you that the 2016 financial year (“FY16”) for the Aveo Group was one of significant achievement as we delivered on all our stated commitments at a strategic, financial and operating level.
Aveo reported an underlying net profit after tax in FY16 of $89.0 million, an increase of 63% on the FY15 result. This out- standing performance was underpinned by continued growth in our retirement living activities as we focussed on executing our pure retirement strategy to consolidate our position as Australia’s leading owner, operator and manager of retirement communities.
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