Why is the Lifestyle Communities (ASX:LIC) share price pushing higher?

Lifestyle Communities Limited (ASX: LIC) shares are on the rise today as the company released its half-year results and investor presentation. At the time of writing, the Lifestyle Communities share price is trading 3.86% higher at $14.26.

How did Lifestyle Communities perform?

The Lifestyle Communities share price is responding positively after the company reported making solid progress during the first half of FY21. This was despite the ongoing impacts of COVID-19 and Melbourne’s stage 4 lockdowns impacting operations for most of the period.

Nonetheless, Lifestyle Communities achieved a net profit after tax (NPAT) of $14.1 million for the first half of the year. This compared to the $15.1 million achieved in the same period…