The country's second-largest listed retirement village operator Metlifecare has signalled full-year underlying profit may rise about 13 per cent as it expands.

The Auckland-based company posted a 70 per cent gain in first-half underlying profit, which removes non-cash items including unrealised valuation gains, to $NZ26 million ($A24.86 million), and said profit in the second half of its financial year is expected to be in line with that. That equates to full-year underlying…