Strategy on Track and Delivering in FY16
Financial
- Underlying profit after tax increased by 30% to $54.7m
- Funds from operations up 88% to $73.9m
- Gearing levels at the lower end of the target range
Operational
- Record total retirement unit sales of 721
- Successful delivery of 62 new retirement units
- Increased ability to provide care services to retirement residents
Strategic
- Non-retirement asset sales continue to successfully progress
- Acquisitions continue to expand the retirement development pipeline
- On track to achieve stated FY16 and FY18 return on asset targets
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