Arvida sees 207% increase in net profit on improved property valuations
Underlying profit of $51.9m remains in line with prior year.
Will Mace Tue, 25 May 2021
Retirement village and aged care operator Arvida Group has reported a full-year net profit of $131.1 million for the year to the end of March – up 207% on the prior year helped by property revaluations.
Total gross proceeds from new sale and resale unit settlements increased to $227.4m, up 13%
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