Aevum Forecasts 10 to 20% Net Profit Decline in 2009

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The largest pure retirement village operator, Aevum, predicted at its Annual General Meeting
last week that its net profit after tax for 2009 will decline from this year’s $28.5 million by
10 to 20 percent, based on the housing market not sinking further. It should be noted that
Aevum’s 2008 net profit was up 24 percent on 2007.