Metlifecare is feeling the full benefit of its takeover of two retirement village operators last year, with the acquisitions significantly boosting its half-year profit.
The listed company made $87.1 million in the six months to December, compared with $7.4 million a year earlier.
This included a one-off gain of $63.6 million from buying Vision Senior Living and Private Life Care.
Stripping out one-off items and other adjustments, Metlifecare's profit more than tripled to $23.5 million.
Sales rose 52% boosting its operating cashflow to $19.5 million.
Metlifecare chief executive Alan Edwards said the company is feeling the immediate benefits of the merger.
Mr Edwards says given Metlifecare's trading performance the board has decided to reintroduce dividend payments of 1 cent a share.
