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

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

Oliver Lewis 16 Sep 2025
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.