Australia’s leading owner, operator and manager of retirement communities, Aveo Group Limited
(ASX:AOG) today provided a market update at its Annual General Meetings of shareholders as the Group accelerates its pure retirement strategy in FY16.
As announced in August this year and detailed at its AGM today, Aveo generated record total retirement sales of 721 units, lifted its underlying net profit after tax by 30% to $54.7 million and funds from operations by 88% to $73.9 million for the year to 30 June 2015.
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