Arvida underlying profit rises on increased sales
The first half and comparable period were affected by Covid-19 lockdowns.
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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