Radius Residential Care Reports Strong Interim Earnings

Highlights:

• Profit Growth: Radius Residential Care Limited (NZX: RAD) reported a 39% increase in net profit to $2 million for the six months ending September 30.
• Revenue Expansion: Total revenue rose 1% to $85 million, with a 7% growth excluding the impact of an Auckland facility sale.
• Market Momentum: Shares continue to rise at the time of writing, reflecting strong investor confidence in the company’s strategic direction.

Solid Performance Across Key Metrics

Radius Residential Care Limited (NZX: RAD) has demonstrated robust financial performance in its interim results for the six months ending September 30. The company reported a 39% increase in net profit, reaching $2 million, compared to the same period last year. Total revenue rose 1% to $85 million, buoyed by the sale of an Auckland facility in the latter half of the previous financial year. Excluding the impact of this sale, revenue showed an impressive 7% growth, reflecting strong operational momentum.

Strategic Gains Drive Growth

Radius Care attributes its positive results to improved efficiencies and targeted strategies that have strengthened its financial position. The company has made significant strides in operational benchmarks, underlining its commitment to sustainable growth in a competitive healthcare sector.

Market Confidence Boosts Shares

Investor confidence in Radius Care has been reflected in its stock performance, with shares continuing to rise at the time of writing. The promising financial outlook, coupled with a consistent upward trend in revenue and profitability, reinforces Radius Care’s resilience and strategic direction.

Radius Care remains focused on expanding its services and enhancing the quality of care for residents, aligning with its long-term vision to lead in the residential care market. The latest results highlight the company's ability to navigate industry challenges while delivering value to shareholders.

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