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Arena acquisition drives profit growth at Arvida

Underlying profit up 42% at the listed aged care business.

An Auckland village acquired in the Arena Living transaction.

Andrew Bevin Mon, 30 May 2022

Following the acquisition of the $435 million Arena Living portfolio, Arvida’s underlying profit rose 42% in its 2022 financial year.

Releasing results for the 12 months to March 31 to the NZX this morning, Arvida logged underlying profit of $73.5m (up 25% on a per share basis due to shares issued

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Andrew Bevin Mon, 30 May 2022
Contact the Writer: andrew@nbr.co.nz
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Arena acquisition drives profit growth at Arvida
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