Business

Metlifecare makes $304.4m net profit in turnaround after loss, plans new $150m village

Delisted retirement giant Metlifecare has made a big profit turnaround due to revaluations and bought a 20ha site at Clevedon where the $4 billion business plans a $150 million village. Earl Gasparich, who replaced Glen Sowry as the company’s chief executive, announced a $304.4m net profit after tax after last year’s loss, driven primarily by […]