Summerset's Fiscal 2024 Settlements Up 12% to Reach All-Time High

MT Newswires Live

01/07

Summerset Group Holdings (NZE:SUM, ASX:SNZ) logged 361 sales for the quarter ended Dec. 31, bringing its full-year tally to an all-time high of 1,238 total settlements, according to a Tuesday filing with the Australian and New Zealand bourses.

The total number for fiscal 2024 represents a 12% year-on-year increase.

There were 169 new sales and 192 resales in the fourth quarter.

The retirement village operator said its upbeat results come despite a "difficult economic environment."

Summerset will release its full-year results on Feb. 28.

The company's shares slipped almost 1% in recent Tuesday trade in New Zealand.

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