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

Unit resales growth prompts solid Arvida profit

Arvida benefited from wider exposure outside of Auckland.

Andrew Bevin Tue, 28 May 2019

Retirement village and aged care operator Arvida Group posted a $59 million profit for the year to March 31, up 3% on the previous year, creditable to unit resales growth.

Underlying profit was up 17% at $38.6m, including $19.5m from 258 occupation rights resales and $7.5m from the sale of

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Andrew Bevin Tue, 28 May 2019
Contact the Writer: andrew@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Arvida Arvida Group aged care Bill McDonald
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