New Zealand's Arvida Group rises on strong half year results

Arvida

27/11/2018 24:50

** Shares of Arvida Group Ltd  ARV.NZ  rise as much as 2.31
pct to NZ$1.33, their highest since Nov 12
    ** Retirement village operator says HY net profit after tax
was NZ$30.5 mln ($20.65 mln), up 111 pct from a year ago
 urn:newsml:reuters.com:*:nNZW1bW6d1
    ** HY total revenue was NZ$75.7 mln vs NZ$60 mln a year ago
    ** Stock posts its biggest intraday pct gain since Oct 24
    ** About 253,000 shares change hands, compared with the
30-day average volume of about 220,000 shares
    ** Stock among biggest pct gainers on the S&P/NZX 50 index
 .NZ50  
    ** Stock up 2.36 pct this year as of last close, compared
with a 3.15 pct increase of the S&P/NZX 50 index  .NZ50  during
the same period
    
($1 = 1.4773 New Zealand dollars)
    

 ((Soumyajit.Saha@thomsonreuters.com; Reuters Messaging:
soumyajit.saha.thomsonreuters.com@reuters.net))