Aged care operator Arvida doubles first half profit, optimistic for future

Mon, 26 Nov 2018

By Nikki Mandow Nov. 27 (BusinessDesk) - Retirement village and aged care operator Arvida Group saw strong growth in the six months to Sept. 30 on the back of high occupancy and contributions from last year’s acquisitions. The retirement village and aged care company predicts even better financial performance for the full year, as more people move through its expanded operations. Net profit for the half year rose 110 percent on 1H18, to $30.5 million, and underlying profit rose 45 percent to $17.9 million. Arvida chief executive Bi...

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