February 25, 2020 / 1:37 AM / 3 months ago

BRIEF-Summerset Group Holdings Final Dividend Of NZ 7.7 Cents Per Share

Feb 25 (Reuters) - Summerset Group Holdings Ltd:

* UNDERLYING PROFIT FOR FY19 OF NZ$106.2 MILLION, UP 8%

* SEES UNDERLYING PROFIT GROWTH IN 2020 TO MEDIUM-TERM OF 20% TO 25%

* ANNOUNCED ACQUISITION OF A SECOND AUSTRALIAN PROPERTY IN TORQUAY, ON BELLARINE PENINSULA SOUTHWEST OF MELBOURNE

* EXPECTS TO RETURN TO PROFIT GROWTH IN FY2021 AND BEYOND

* SUMMERSET GROUP HOLDINGS - CRANBOURNE NORTH VILLAGE IS EXPECTED TO OPEN TO RESIDENTS IN LATE 2021/EARLY 2022. Source text for Eikon: Further company coverage:

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