Eureka Group Holdings Limited (AU:EGH) has released an update.
Eureka Group Holdings Limited reported a strong financial year, with revenue climbing 13% to $41.1 million and underlying EBITDA increasing by 20%, despite a statutory net profit drop due to lower property revaluations and defense costs against a takeover bid. The company also expanded its portfolio through acquisitions and developments, resulting in a 31% asset under management increase and maintained high village occupancy. With a robust balance sheet and a capital management plan in place, Eureka continues to focus on growth in the affordable seniors housing sector.
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