NZ's Summerset Group eyes best day in 3-1/2 yrs on positive annual results

Summerset group

28/02/2025 02:42

** Shares of Summerset Group Holdings SUM.NZ rise 5.2% to NZ$12.305, on track for best trading session since late August 2021

** New Zealand-based retirement village operator logs adjusted net income NZ$206.4 mln ($115.75 mln) for fiscal 2024, up 8% compared to FY23

** FY24 contracted sales for occupation right agreement (ORA) homes up 12% compared to FY23

** Stock rose as much as 6.8% to NZ$12.49 in early trade

** More than 606,000 shares change hands, 3.5 times the 30-day avg

** Stock down 5.8% YTD, including current session's moves

($1 = 1.7832 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

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