Earnings release
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OCEANIA HEALTHCARE MEDIA RELEASE 22 January 2021 Oceania records increase in First Half Unaudited Underlying EBITDA Oceania Healthcare , Aged Care and Retirement Village Operator and Developer , announced today an unaudited half year underlying earnings before interest , tax , depreciation and amortisation ( EBITDA ) of $ 35.4 million for the six months ended 30 November 2020 , a 2.0 % ( $ 0.7m ) increase compared to the prior corresponding period ( pcp ) . Highlights • • A 2.0 % increase ( $ 0.7m ) in unaudited underlying EBITDA compared to the prior corresponding period Unaudited Reported Net Profit after tax ( NPAT ) of $ 24.8m , up $ 9.9m on the prior corresponding period Sales volumes ( for both independent living apartments and villas , as well as care suites ) 44 % ahead of the prior corresponding period Successfully navigating the challenges of the COVID - 19 pandemic , with no COVID- 19 cases recorded to date in any of Oceania Healthcare's aged care centres or retirement villages The completion of 28 apartments and 61 care suites at Green Gables ( Nelson ) in September 2020 On track to complete 217 new independent living units ( apartments and villas ) and care suites prior to 31 March 2021 Operating cashflow increased 30.9 % to $ 74.6m as a result of strong sales volumes Total assets increased to $ 1.7 billion , up 11.8 % ( $ 177.1m ) on November 2019 primarily due to significant development capital expenditure during the period Completion of a heavily oversubscribed retail bond issue in October 2020 , raising $ 125 million Interim dividend of 1.3 cents per share ( not imputed ) announced . This will have a record date of 10 February 2021 and will be paid on 24 February 2021. The Dividend Reinvestment Plan will apply to this dividend