Metlifecare Limited (ASX:MEQ) has boosted its underlying profit guidance for this financial year to between $43 million and $46 million.
The dual listed retirement home provider says the result comes from stronger settlements and higher capital gains from resales activity.
The company says development is underway at three villages on Auckland’s North Shore and currently has 14 out of 25 villages in the Auckland area.
Metlifecare reported a net profit of $24.7 million in the first half of the 2014 financial year.
