Soft – but pre-guided – half-year result out of Arvida: Craigs IP

Arvida chief executive Jeremy Nicoll. (Image: NZME)

Tue, 28 Nov 2023

Craigs Investment Partners says the half-year earnings out of retirement group operator Arvida was a “soft” result – but one that had been broadly pre-guided and expected.Head of institutional equities research Stephen Ridgewell said there were some “positive lead indicators” heading into the retirement group operator's result that pointed to stronger trading – which had been the pattern in prior years.It also declared an interim dividend of 1.2 cents per share, and shareholders who choose to partici...

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