Revenue: Up 11.3% at $247.2 million, with total income at $427.4m on the back of fair value increase to $165m.
Net profit after tax: Up 69% to $139m, ahead of market expectation.
Main takeaway: A positive year for resales, though the company is considering 'capital partnerships', and has suspended dividends as it looks to capture value for its shareholders.
Arvida Group hasn’t discounted a sale or merger as it looks to unlock “intrinsic value”.
The listed retirement village operator, which has a portfolio of properties valued at $1.26 billion with 6750 residents living in its 36 communities, suspended dividends while it considers “a range of
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Key points
Revenue: Up 11.3% at $247.2 million, with total income at $427.4m on the back of fair value increase to $165m.
Net profit after tax: Up 69% to $139m, ahead of market expectation.
Main takeaway: A positive year for resales, though the company is considering 'capital partnerships', and has suspended dividends as it looks to capture value for its shareholders.
