With 17 villages and care facilities across Australia, Aevum announced this week that it had returned to a profit of $2.8 million in the second half of the year. This means over 12 months they delivered a net loss of $12.2 million, after revaluations of properties. They had total revenue from their village and care operations of $25.9 million and total operating expenses of $33.5 million - an operating loss of $7.6 million over the 12 months.
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
