Metlifecare Limited reported unaudited consolidated earnings results for the half year ended 31 December 2017. Operating revenue was NZD 56,501,000 compared to NZD 53,899,000 a year ago. Total income was NZD 56,584,000 compared to NZD 54,026,000 a year ago. Profit before income tax was NZD 63,082,000 compared to NZD 171,553,000 a year ago. Profit attributable to shareholders of the parent company was NZD 56,357,000 or 26.5 cents per basic and diluted share compared to NZD 164,975,000 or 77.1 cents per basic and diluted share a year ago. Net cash inflow from operating activities was NZD 27,162,000 compared to NZD 74,776,000 a year ago. Payments for property, plant and equipment was NZD 5,981,000 compared to NZD 8,857,000 a year ago. Payments for intangibles were NZD 110,000 compared to NZD 179,000 a year ago. Underlying Profit before taxation was NZD 36,200,000 compared to NZD 38,602,000 a year ago. Net tangible assets per share as at 31 December 2017 was NZD 6.63.

The company expects to deliver a stronger second half performance. Underlying operating cash flow and underlying profit are expected to be in line with Fiscal year 2017 for the full year of 2018.