NZ's Arvida Group jumps on upbeat FY results

Arvida

28/05/2024 24:03

** Shares of New Zealand's Arvida Group  ARV.NZ  rise as
much as 5.2% to NZ$1.01, posting their biggest intraday
percentage gain since March 15
    ** Stock hits its highest level since May 8
    ** Aged care provider posts full year IFRS net profit after
tax of NZ$139 mln ($85.49 mln), up 69% from last year
    ** Reports FY total revenue of NZ$247.2 mln, up from NZ$222
mln a year ago
    ** About 419,000 shares change hands, compared with the
30-day average volume of around 372,000
    ** Stock down 12.7% YTD, based on last close

    ($1 = 1.6260 New Zealand dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru; Editing by Jamie
Freed)
 ((Aaditya.govindrao@thomsonreuters.com;))