Arvida Group Limited has reported a record IFRS net profit of $198.9 million, up 52% compared to the prior year, with underlying profit of $73.5 million, up 42%.
Total assets were $3.4 billion, up $1.2 billion on the prior year, with a land bank total of 1,928 units.
580 total sales of occupation rights were recorded, up 44% on the prior year.
A dividend of 5.5 cents per share was declared, bringing FY22 dividend to 5.5 cents per share.
The acquisition of the Arena portfolio of six retirement communities during the year contributed to the strong performance.
Covid-19 related disruptions to care sales and construction activities impacted 2020 financial performance.
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