New Zealand's Radius Residential Care jumps on upbeat HY outlook

Radius Residential Care

13/06/2025 02:02

** Shares of Radius Residential Care RAD.NZ rise 3.5% to NZ$0.3, their highest level since March 2, 2023

** Aged care services provider sees 1HY26 underlying EBITDA of NZ$12 million-NZ$15 million ($7.21 million-$9.01 million), compared to NZ$10.6 million logged last year

** Attributes the positive outlook to strong occupancy and growth in accommodation supplements, among others

** Stock rose as much as 6.9% to NZ$0.31 in the early hours of trade

** More than 85 million shares change hands, 2.5 times the 30-day average volume

** Radius up 42.9% YTD, including current session's moves

($1 = 1.6642 New Zealand dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

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