Arvida lifts first-half per-share earnings 10%

Arvida lifts first-half per-share earnings 10%
CEO Jeremy Nicoll said care earnings were hit by under-funding. (Image: Arvida)
Jenny Ruth
Arvida lifted first-half net profit by 18% while underlying profit was up 46%, reflecting recent acquisitions.The retirement village operator lifted net profit for the six months ended September to $89.2 million from $75.5m in the same six months last year with unrealised property valuation gains of $89m, up from $69.1m in the previous first half.The underlying result of $38.9m was up from $26.6m in the year-earlier period and will translate to a 10% increase in per-share earnings – the company raised $330m from selling new shares last No...

More Infrastructure

150 years of infrastructure spending going ‘boom’
Infrastructure

150 years of infrastructure spending going ‘boom’

We actually spend a lot more on infrastructure than you might think.

Construction suicide costs at $1.3 billion
Infrastructure

Construction suicide costs at $1.3 billion

A survey found that almost one in five workers reported suicidal thoughts.

Chido Machingura 12 Sep 2025
F&P Healthcare one step closer to new Karaka campus
Policy

F&P Healthcare one step closer to new Karaka campus

Auckland Council has approved a request to rezone nearly 90ha going to hearings.

Oliver Lewis 12 Sep 2025
Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025