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Company News Summary

Lifestyle Communities Provides HY 2020 Results Presentation

18 Feb 2020  |  10:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Half-year results presentation

Lifestyle Communities provided HY 2020 results presentation. It reported 158 new sales and 109 new home settlements. The Profit after tax attributable to shareholders decreased from $21.9m to $15.1m driven by lower settlement numbers. Mount Duneed display homes opened on the 18 January 2020. The Net profit attributable to shareholders decreased by 31.1% to $15.1m. This is due to the lower number of settlements relative to the pcp. The FY 2020 settlements will be weighted to the second half.

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