Amica Mature Lifestyles books Q4 loss, fiscal year ends with $10.6 million loss

Amica Mature Lifestyles books Q4 loss, fiscal year ends with $10.6 million loss | iNFOnews.ca

VANCOUVER – Amica Mature Lifestyles Inc. (TSX:ACC) had a $4 million net loss in its fiscal fourth quarter, and a $10.6 million loss for the full 2012 financial year ended May 31. The Vancouver-based company, which operates luxury seniors residences, has been losing money on its property ownership activities due to acquisitions. Revenue increased to $21.6 million in the fourth quarter, up 24 per cent from a year earlier, while annual revenue was $77.7 million in fiscal 2012 — up 18 per cent from $59.3 million in fiscal 2011.

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