Aged care and retirement village operator Metlifecare has more than tripled half-year net profit, mainly due to the impact of booming property prices.

Net profit for the six months to December 31 was $125.7 million, up from $37.7m in the prior half, although underlying profit, which removes property revaluations measures, rose 29 per cent to $33.5m. The Auckland-based company, which operates 25 retirement villages and nine care facilities nationwide employing more than 1000…