Lifestyle Communities Ltd (ASX:LIC)
A$ 11.01 0.14 (1.29%) Market Cap: 1.32 Bil Enterprise Value: 1.82 Bil PE Ratio: 15.12 PB Ratio: 2.16 GF Score: 86/100
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Half Year 2022 Lifestyle Communities Ltd Earnings Call Transcript

Feb 15, 2022 / 04:00AM GMT
Release Date Price: A$17.38 (-2.39%)
Operator

Thank you for standing by, and welcome to the Lifestyle Communities, LIC, Half Year Results Teleconference. (Operator Instructions)

I will now hand over the conference to Mr. James Kelly, Managing Director. Please go ahead.

James Kelly
Lifestyle Communities Limited - Founder, MD & Director

Thank you. And also, thank you for joining us on this call about the half year results for Lifestyle Communities. We always appreciate that. Firstly, Darren and I just feel so proud of our team in being able to deliver such a great set of results, considering the trading conditions that we experienced in the first half of this financial year.

When you think about it, Melbourne was actually locked down for nearly 4 of the 6 months of the half, and yet we still managed to deliver 168 new sales, 73 resales and 166 settlements. We have 258 new home settlements in the bag going into the second half, and the strong inquiry that we experienced leading up to Christmas has set us up really well for new sales this year. Over this time, both the marketing and

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