Oceania Healthcare Reports Mix Bag of Results

  • Jul 23, 2020 NZST
  • Team Kalkine
Oceania Healthcare Reports Mix Bag of Results

Oceania Healthcare Limited (NZX:OCA) has reported Underlying EBITDA of $63.5 million for the year ended 31 May 2020, despite being unable to sell retirement village units during the final quarter of its financial year due to the Government lockdown.

Total assets increased by 10.7% to $1.5 billion, reflecting substantial development capital expenditure and new aged care centres completed. The company reported a net loss after tax of $13.6 million due to unrealised movements in the valuation of Investment Property.


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