Summerset Group Holdings Reports Fourth Quartet Sales

  • Jan 10, 2020 AEDT
  • Team Kalkine

Retirement village developer, Summerset Group Holdings Limited (ASX: SNZ) has reported fourth quarter sales numbers. In 4Q19, the sales were 209, comprising 116 new sales and 93 resales.

  • New sales during the quarter were the strongest in three years.
  • The group opened three new villages in Christchurch, Tasman and Wellington.
  • Its 2019 build programme delivered 354 retirement units.

For FY 2019, the total sales of occupation rights were 652 compared to 640 in the previous year.

SNZ was trading at $8.4, up by 5 per cent from the previous close. (1:21 PM AEDT)


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