May 25, 2020 / 11:00PM GMT
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Arvida annual results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
Today's call will be joined by Bill McDonald, CEO; and Jeremy Nicoll, CFO.
I'll now hand the call over to Bill. Thank you, sir. Please go ahead.
William Adam McDonald - Arvida Group Limited - CEO
Thanks very much.
Well, thank you, everyone, for joining us today. We're very pleased to announce another year of strong financial and operational performance. But before we get to the results, I would just like to thank our very hard-working village teams who responded to the pandemic and really rose to the occasion and kept our residents safe. And this success, to date, represents a huge commitment from our teams and we're really grateful and really proud of the team. So I just like to put that upfront.
So our key metric, our underlying profit increased 34% for the year to $51.7 million, which was a great result considering we lost a couple
Full Year 2020 Arvida Group Ltd Earnings Call Transcript
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