NZ's Arvida Group climbs on upbeat FY results

Arvida

30/05/2023 03:53

** Shares of Arvida Group Ltd  ARV.NZ  rise as much as 4.4%
to NZ$1.180
    ** Stock set to mark best day since May 17, if gains hold
    ** Stock hits highest since May 23
    ** Co posts FY23 underlying profit of NZ$88.0 million 
($53.3 mln), up 20% YoY
    ** Says total FY23 sales increased up 16% to NZ$376.4
million
    ** Stock has fallen 0.9% this year, as of last close

($1 = 1.6519 New Zealand dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))