Brief: Arvida Group Posts FY Underlying Profit Of NZ$51.9 Mln, In Line With FY20

Arvida

24/05/2021 22:16

May 25 (Reuters) - Arvida Group Ltd  ARV.NZ :
    * 4Q DIVIDEND OF 1.50 CENTS PER SHARE DECLARED
    * IFRS NET PROFIT AFTER TAX FOR FY21 OF $131.1 MILLION, UP
207%
    * FY UNDERLYING PROFIT OF NZ$51.9 MILLION, IN LINE WITH FY20
    * ANNOUNCED INTENTION TO MOVE TARGET DISTRIBUTION BAND TO
40-60%
OF UNDERLYING PROFIT
    * CURRENT LEVEL OF DIVIDEND IS EXPECTED TO BE SUSTAINABLE
FOR FY22
    * DIVIDEND REINVESTMENT PLAN TO BE IMPLEMENTED AT NEXT
DIVIDEND
PAYMENT WITH PAYMENTS BECOMING SIX MONTHLY

Source text for Eikon:  ID:nNZSsh7a 
Further company coverage:  ARV.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))