Midday Business News for 23 August 2022

News from the business sector for 23 August 2022. The retirement village operator Summerset's headline profits have fallen on reduced property value gains, however, stripping out the one-offs its underlying profit increased on the back of strong development margins and new sales demand. Media company NZME's profit is up by more than a third with strong revenue growth. Financial services company Heartland Group has posted a record full year profit on improved lending and constrained costs, as it eyes further expansion in Australia.