Summerset New Zealand jumps most in 5 years on profit spike
27/08/2026 04:30
BUZZ-Summerset New Zealand jumps most in 5 years on profit spike ** Shares of New Zealand's Summerset Group SUM.NZ rise as much as 8.6% to NZ$8.55, their biggest intraday pct gain since August 2021
** Stock hits highest since July 30
** Retirement village operator reports HY net profit of NZ$171.4 million ($101.98 million), 92% higher than same period last year
** Co posts 16% revenue rise to NZ$200.3 million, declares final dividend of 3.8 NZ cents per share** 466,000 shares change hands, 2x the 30-day average volume
** Stock down over 30% this year, including session's moves
($1 = 1.6807 New Zealand dollars)
(Reporting by Rudrannsh Mehra in Bengaluru)
Recent news on Summerset group
See all newsBrief: Summerset Group Enters Q4 With Solid Pipeline Of Potential Contracts
Summerset New Zealand jumps most in 5 years on profit spike
New Zealand's Summerset HY net profit jumps as sales increase
Brief: Summerset Group Posts HY Adjusted Net Income Of NZD 103.4 million
Brief: Summerset Group Says 365 Sales For Quarter Ending 31 March