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.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
