44% sales rise pushes result

Auckland: A 44% rise in sales in the six months to November 30 by listed retirement giant Oceania Healthcare contributed to the company recording an aftertax net profit of $24.8 million for the period.

The Aucklandheadquartered business had big sales rises in independent living apartments/villas, as well as care suites. No Covid cases were recorded in its villages.

Oceania now has $1.7 billion of assets, up $177 million on the November 2019 halfyear. — The New Zealand Herald

Data released by retail investment platforms Sharesies and Hatch shows New Zealanders have invested more than

$160 million in electric car company Tesla.

Sharesies cochief executive Leighton Roberts said about 20,000 local investors had bought $US30 million ($NZ42 million) of Tesla shares since they became available on the platform in August last year.

The business led by Elon Musk has also been a huge hit on Hatch, where Kiwis have invested almost $120 million in the muchhyped stock. — The New Zealand Herald