{"id":118248,"date":"2020-08-17T02:51:40","date_gmt":"2020-08-16T19:51:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-group-profit-plummets-99\/"},"modified":"2020-08-17T05:03:49","modified_gmt":"2020-08-16T22:03:49","slug":"summerset-group-profit-plummets-99","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-group-profit-plummets-99\/","title":{"rendered":"Summerset Group profit plummets 99%"},"content":{"rendered":"


\nCoronavirus has influenced valuations of one retirement giant’s properties to such an extent that last year’s gains in its national property portfolio have been turned into falls and the bottom-line profit has been reduced to nearly…
\n
\nSource : nzherald.co.nz\/Property
\nRead more…Summerset Group profit plummets 99%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Coronavirus has influenced valuations of one retirement giant’s properties to such an extent that last...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118248","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uLe","jetpack-related-posts":[{"id":104245,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-profit-falls-as-property-market-slows\/","url_meta":{"origin":118248,"position":0},"title":"Summerset profit falls as property market slows","date":"February 22, 2019","format":false,"excerpt":"\r Summerset Group said full-year net profit was down 11 per cent as the property market slows in some parts of the country, leading to a smaller valuation gain on retirement village portfolio.Net profit was $214.5 million for the...\r \r Source : nzherald.co.nz\/Property\r Read more...Summerset profit falls as property market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-profit-up-78pc-after-strong-sales-growth\/","url_meta":{"origin":118248,"position":1},"title":"Summerset profit up 78pc after strong sales growth","date":"August 15, 2017","format":false,"excerpt":"\r New Zealand's second-largest listed retirement business, Summerset Group, pushed up net after-tax profit 78 per cent to make $90.3 million in the latest half-year compared to $50.6m in the previous period.The business, second only...\r \r Source : nzherald.co.nz\/Property\r Read more...Summerset profit up 78pc after strong sales growth","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-group-profit-drops-18-after-retirement-unit-delivery-rate-falls\/","url_meta":{"origin":118248,"position":2},"title":"Summerset Group profit drops 18% after retirement unit delivery rate falls","date":"February 25, 2020","format":false,"excerpt":"\r Profit from retirement giant Summerset Group fell 18 per cent in the latest half-year due to unrealised investment property valuation changes reflecting fewer units developed.Summerset made $175.3m net profit after tax for the half-year...\r \r Source : nzherald.co.nz\/Property\r Read more...Summerset Group profit drops 18% after retirement unit delivery rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-half-year-net-profit-slips-4-as-valuation-gains-ease-expenses-rise\/","url_meta":{"origin":118248,"position":3},"title":"Summerset half-year net profit slips 4% as valuation gains ease, expenses rise","date":"August 13, 2019","format":false,"excerpt":"\r Summerset Group reported a 4 per cent drop in net profit to $92.6m due mainly to less spectacular property revaluations, rising expenses and increasing finance costs.Total revenue from the retirement business rose 13 per cent from...\r \r Source : nzherald.co.nz\/Property\r Read more...Summerset half-year net profit slips 4% as valuation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-group-full-year-underlying-profit-and-revenue-up-13\/","url_meta":{"origin":118248,"position":4},"title":"Summerset Group full-year underlying profit and revenue up 13%","date":"February 27, 2026","format":false,"excerpt":"\r New Zealand's biggest retirement business drives up profit after many sales.\r \r Source : nzherald.co.nz\/Property\r Read more...Summerset Group full-year underlying profit and revenue up 13%","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summerset-group-boss-scott-scoullar-explains-why-profit-rose\/","url_meta":{"origin":118248,"position":5},"title":"Summerset Group boss Scott Scoullar explains why profit rose","date":"February 26, 2024","format":false,"excerpt":"\r Wood, insulation and carpet price rises are limited or capped to de-risk building jobs.\r \r Source : nzherald.co.nz\/Property\r Read more...Summerset Group boss Scott Scoullar explains why profit rose","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118248"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118248"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}