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Ingenia Communities Group Provides 2018 AGM Presentation

13 Nov 2018  |  09:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2018 Annual General Meeting Presentation

Ingenia Communities Group provided 2018 AGM Presentation. It reported Lifestyle and holiday communities portfolio is a major contributor to earnings. The Earnings Before Interest and Tax (EBIT) up 52%. The Company and Sun will jointly develop greenfield lifestyle communities. As at 12 November 2018, The Company has 85% coverage of FY 2019 settlements target of 350 homes. The Company owns close to 1,200 rental cabins and has approval to add more than 100 new cabins in existing rental parks.

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