Lifestyle Communities has reported a 7.8% decline in net profit for the year, recording a total of A$81.9 million.

Additionally, the company noted an increase in annual ordinary activities revenues by 3.5%, reaching A$232.3 million.

The company also announced a final dividend for the year at 6.0 Australian cents per share.

Lifestyle Communities is a company that offers residential communities designed for individuals who are over 50 years old, providing an affordable alternative for retirees.