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 years $28.5 million by
10 to 20 percent, based on the housing market not sinking further. It should be noted that
Aevums 2008 net profit was up 24 percent on 2007.
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$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors
The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.