Ryman lifts underlying profit 8.5%

Fri, 19 Nov 2021

Ryman Healthcare lifted first-half underlying profit 8.5% with the increase in the value of its villages boosting the bottom line by 32.5%.The retirement village operator said underlying profit for the six months ended September was $95.9 million, up from $88.4m in the same six months last year, while the statutory result was $281.5m.In his first result since his appointment from Oct 25, chief executive Richard Umbers said the delta strain of covid-19 had led to lengthy lockdowns in Melbourne and Auckland during the first half but Ryman's v...

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