Listed retirement village operator Metlifecare is forecasting a profit lift of at least 6 per cent for the full year.
In a statement to the stock exchange late yesterday, it said it expected to report an underlying net profit between $34 million and $38m for the year to June 30.
Underlying profit is an informal measure that excludes unrealised changes in property values, one-off items and deferred taxation.
Last year's underlying profit was $32.1m.
Last month Metlifecare reported an underlying profit for the half-year to December 31 of $15.3m.
The company's shares last traded at $4.10, up 28.1 per cent compared to this time last year.
- Fairfax Media