Nov 28, 2022 / 10:00PM GMT
Operator
Thank you for standing by and welcome to Arvida's Half Year 2023 Results Call. (Operator Instructions)
I would now like to hand the call over to CEO, Jeremy Nicoll. Please go ahead.
Jeremy Nicoll - Arvida Group Limited - CEO
Good morning, everyone, and thank you for joining us on the first-half call for Arvida. I'm pleased to report a very solid set of numbers for the first-half of FY '23. We saw our net profit-after-tax on a IFRS basis of $89 million, which was up 18% on the prior corresponding period. Our key metric of underlying profit was up 46% on the prior corresponding period, to $38.9 million. On an EPS basis, that's up 10% to $0.054 cents per share. Obviously, the first-half that we are reporting, does include a contribution from the Arena villages that we bought in November last year. Operating cash flow was up to $77.4 million, and importantly, our gearing remained towards the lower end of our target range, at 28%, through our stated ranges between 25% to 35%, so very considerably geared going into the next calendar year.
Subsequent
Half Year 2023 Arvida Group Ltd Earnings Call Transcript
Mar 28, 2024
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