Business
RAD: Net profit tripled year-over-year, driven by higher occupancy, revenue growth, and cost control
RAD: Net profit tripled year-over-year, driven by higher occupancy, revenue growth, and cost control
About this update from Radius Residential Care Ltd
Net profit after tax surged 221% year-over-year to $6.3m, with revenue up 17% and occupancy at 95%. Expansion into home care and new facility developments support continued growth, while strong cashflow and reduced debt enhance financial flexibility.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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