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 […]

Business

Stride Property Group profit up 420%, buying new $152m office block

Stride Property Group, with a $1.1 billion portfolio, has reported its annual result and announced it is buying the AA Insurance Centre built by Mansons TCLM for $152 million. Net profit after tax was $131.9m for the year to March 31, 2021, up 420 per cent on last year’s $25.3m. The business said its cash […]