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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

Arvida ticks all the boxes in the first half

Property value gains and increased rights sales led to 36% profit increase.

Andrew Bevin Tue, 19 Nov 2019

NZX-listed aged care provider Arvida posted a $45.6 million profit in the six months to September 30, an improvement of 36% on the previous first half.

The result was driven by higher volumes and strong margins on the resale of occupation rights as well as the continuing performance of the care

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Andrew Bevin Tue, 19 Nov 2019
Contact the Writer: andrew@nbr.co.nz
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Arvida ticks all the boxes in the first half
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