Half Year Results to 30 November 2002

New Zealand’s largest listed healthcare and medical services provider, ElderCare New Zealand Limited, today announced its unaudited results for the six months to 30 November 2002, with improved financial performance and a return to profitability, an expansion of business operations and a lowering of interest costs.

The healthcare group reported revenue of $27.1million, up 58 percent, from $17.1million for the previous corresponding half-year period.