- Underlying net profit for HY16 of $45.6 million, up 89% on HY15
- On track to meet FY16 strategic plan targets and underlying net profit guidance of over $80 million
Australia’s leading owner, operator and manager of retirement communities, Aveo Group
(ASX:AOG), continues to generate increased financial returns for securityholders.
Aveo delivered an underlying net profit after tax in HY16 of $45.6 million, an increase of 89% on the HY15 result. The result was boosted by the delivery of The Milton residential apartment development. The Group’s Retirement EBITDA contribution increased by 12% in HY16 to $29.1 million.
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