Infrastructure

Ryman lifts underlying profit 13.6%, further addressed debt

Jenny Ruth
Fri, 20 May 2022

Ryman lifts underlying profit 13.6%, further addressed debt
Ryman chief executive Richard Umbers. (Image: Supplied)
Jenny Ruth
Fri, 20 May 2022
Ryman Healthcare lifted underlying annual profit by 13.6% with a jump in the value of its retirement villages lifting the bottom line by 63.8%Net profit of $692.9 million for the year ended March compared with $423.1m in the previous year.Property revaluation gains contributed $467.1m in the latest year compared with $201.2m the previous year.A key metric weighing on investors' minds, Ryman's debt level, improved a little, gearing easing to 42.6% at March 31 from 44.5% at Sept 30 and 44.3% in March last year.The company said it had abou...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.