Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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Ryman lifts 1H profit 12.8% but covid knocks underlying result

Jenny Ruth
Fri, 20 Nov 2020

Jenny Ruth
Fri, 20 Nov 2020
Ryman Healthcare's first-half net profit jumped 12.8 percent because of rising property values but the retirement village operator said its underlying result was down 14.2 percent due to covid-19 challenges.And the company said uncertainty created by the ongoing pandemic meant it won't be providing full-year guidance, although it is expecting a much stronger second half.Net profit for the six months ended September rose to $212.4 million from $188.3 million in the same six months last year with the unrealised value of its properties up...

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