New Zealand's Radius Residential Care advances on outlook upgrade

Radius Residential Care

07/08/2025 04:30

** Shares of Radius Residential Care Limited RAD.NZ rise 3.9% to NZ$0.4, headed for their strongest trading session since July 18, if gains hold

** Stock hits highest level since August 1

** Aged care services provider increases 1H26 underlying EBITDA to NZ$14 million-NZ$16 million ($8.31 million-$9.50 million) vs earlier guidance NZ$12 million-NZ$15 million

** Attributes forecast revision to improvements in occupancy among other factors

** More than 10.4 million shares change hands, nearly 96x 30-day average volume of around 108,000 shares

** Stock jumps nearly two-fold YTD, including the day's moves

($1 = 1.6846 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))