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Lifestyle Communities Announces Diverse FY24 Results
Company Announcements

Lifestyle Communities Announces Diverse FY24 Results

Lifestyle Communities Ltd (AU:LIC) has released an update.

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Lifestyle Communities Ltd reported a decreased FY24 operating profit after tax of $52.9m, down from $71.1m the previous year, due to lower new home settlements and higher marketing costs, despite a 16% rise in annuity income. The company declared a final dividend of 5.0 cents per share, resulting in a total of 10.5 cents per share for the year. Amidst a soft residential market and negative media coverage, the company’s FY25 focus includes balance sheet strength, disciplined cost management, and adjustments to the land acquisition and building programs.

For further insights into AU:LIC stock, check out TipRanks’ Stock Analysis page.

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