Masonic Homes in profit

**Jason** · 09-16-2007, 08:57 PM

RETIREMENT living provider Masonic Homes is starting to book the benefits of its expansion plan, with a slow recovery of its 2006-07 profit.
The Adelaide-based entity posted a 9.6 per cent lift in 2006-07 net profit before tax to $8.3 million on the strength of a 24 per cent revenue boost to $37.8 million.
The turnaround partly offsets last year's $5 million drop in net profit to $7.7 million, chief executive Doug Strain said.

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09-16-2007, 08:57 PM	#1 (permalink)
Jason ex oriente lux Join Date: Jun 2007 Location: Florida Posts: 608	Masonic Homes in profit RETIREMENT living provider Masonic Homes is starting to book the benefits of its expansion plan, with a slow recovery of its 2006-07 profit. The Adelaide-based entity posted a 9.6 per cent lift in 2006-07 net profit before tax to $8.3 million on the strength of a 24 per cent revenue boost to $37.8 million. The turnaround partly offsets last year's $5 million drop in net profit to $7.7 million, chief executive Doug Strain said. Full Story

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