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

Reuters

2025/02/28

** 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;))

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10:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-NZ's Summerset Group eyes best day in 3-1/2 yrs on positive annual results</title></head><body><p>** Shares of Summerset Group Holdings <span>SUM.NZ</span> rise 5.2% to NZ$12.305, on track for best trading session since late August 2021</p><p>** New Zealand-based retirement village operator <span>logs</span> adjusted net income NZ$206.4 mln ($115.75 mln) for fiscal 2024, up 8% compared to FY23</p><p>** FY24 contracted sales for occupation right agreement <a href=\"https://laohu8.com/S/ORA\">$(ORA)$</a> homes up 12% compared to FY23</p><p>** Stock rose as much as 6.8% to NZ$12.49 in early trade</p><p>** More than 606,000 shares change hands, 3.5 times the 30-day avg</p><p>** Stock down 5.8% YTD, including current session's moves</p><p>($1 = 1.7832 New Zealand dollars)</p><p> (Reporting by Nikita Maria Jino in Bengaluru)</p><p> 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