14 Jun 2013

Metlifecare raises profit forecast

1:54 pm on 14 June 2013

Retirement village operator Metlifecare has upgraded its profit forecast to $70 million.

Last month the company said it expected an operating cash flow for the 2013 full year to be around $61 million.

Metlifecare says the strength in the property market has resulted in a larger number of sales volumes, re-sales, as well as increased margins.

Shares in Metlifecare rose 2% to $3.18 at midday Friday.