11:15 am today
Remuera Rise apartment complex in Newmarket, Auckland, owned by Oceania Healthcare.
Retirement village operator Oceania Healthcare says the full year has delivered record results, though they weren't reflected in the bottomline net profit.
The company won't pay a full year dividend as a result of negative cashflow, with net profit for the 12 months ended March of just $119,000, compared with $30.4 million the year earlier.
The company said the bottomline reflected lower property revaluation gains and the closure of the Wesley Institute of Nursing Education.
