Brief: Arvida Group Reports Underlying Profit Of NZ$73.5 Million, Up 42% For FY22

Arvida

30/05/2022 02:26

May 30 (Reuters) - Arvida Group Ltd  ARV.NZ :
    * UNDERLYING PROFIT OF NZ$73.5 MILLION, UP 42% FOR FY22
    * DIVIDEND OF 3.0 NZ CENTS PER SHARE DECLARED, BRINGS FY22
DIVIDEND TO 5.5 NZ CENTS PER SHARE
    * CURRENT LEVEL OF DIVIDEND IS EXPECTED TO BE SUSTAINABLE
FOR FY23
    * FY TOTAL REVENUE NZ$201.7 MILLION VERSUS NZ$174.5 MILLION
    * PAYOUT RATIO TOWARDS THE LOWER END OF THE BOARD’S TARGET
DISTRIBUTION BAND OF 40-60%  WOULD BE TARGETED

Further company coverage:  ARV.NZ 

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