New Zealand's Arvida Group gains on upbeat full-year profit

Arvida

26/05/2020 24:03

** Retirement village operator Arvida Group Ltd  ARV.NZ 
rises as much as 2.1% to NZ$1.43 after posting strong full year
profit
    ** ARV posts underlying profit of NZ$51.7 mln ($31.53 mln),
up 34% from a year ago  urn:newsml:reuters.com:*:nFWN2D7073
    ** Co declares an ordinary dividend of 1.45 NZ cents per
share for the final quarter
    ** The Auckland-based company warns that FY2021 will be
impacted by financial outcomes of COVID-19 
    ** Stock on course for a fifth straight session in the green
    ** ARV shares down 27.1% this year, as of last close

($1 = 1.6396 New Zealand dollars)

 (Reporting by A K Pranav in Bengaluru)
 ((Pranav.AK@thomsonreuters.com;))