Arvida reports 13% increase in earnings

Tue, 19 Nov 2024

Retirement village operator, Arvida, has reported a 13% increase in operating ebitda for the six-month period ended September 30, 2024.

The company's operating ebitda reached $44.1 million.

Gross sales value of occupation right agreements also increased by 13% to $193.4m.

Arvida delivered 70 new units, including 65 care suites.

The company's total assets amounted to $4.3b, with a net tangible asset value of $2.14 per share.

The implementation of the scheme is currently pending.

Markets Market Close

The S&P/NZX 50 Index closed at 12,816.32, up 51.67 points or 0.4%.

Graham Skellern 6:15pm

Retail

Work on Kathmandu is 'starting to show signs of bearing fruit', analyst says.

Gregor Thompson 2:50pm

Infrastructure

Volumes are rebounding after Gabrielle but exporters still face challenges.

Gregor Thompson 12:00pm