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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Arvida underlying profit rises on increased sales

The first half and comparable period were affected by Covid-19 lockdowns.

Andrew Bevin Tue, 23 Nov 2021

Arvida’s first-half underlying profit has risen 30% as unit sales increased in the six months to September 30.

The NZX-listed aged care operator’s reported profit rose 80% to $75.5 million, bolstered by $69.2m in revaluation gains across its portfolio.

Underlying profit of $26.6m,

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Andrew Bevin Tue, 23 Nov 2021
Contact the Writer: andrew@nbr.co.nz
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Arvida underlying profit rises on increased sales
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