NZ's Oceania Healthcare hits 2-1/2 year low as HY profit tanks

Oceania Healthcare

23/11/2022 01:56

** Shares of Oceania Healthcare  OCA.NZ   fall as much as 
7.3% to NZ$0.76, hitting its lowest since May 20, 2020
    ** Retirement village operator says its half year net profit
after tax slumped 70% to NZ$11.2 mln ($6.90 mln)  urn:newsml:reuters.com:*:nFWN32I43X
    ** Co declared an interim dividend of 1.9 New Zealand
(NZ)cents per share, compared to 2.1 NZ cents a year ago 
    ** Stock posts its biggest intra-day percentage fall since
Aug. 12, 2020
    ** OCA has fallen 38.8% so far this year, as of last close 
($1 = 1.6223 New Zealand dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))