Ryman underlying annual profit may rise by up to 17%

Thu, 21 Nov 2019

Ryman Healthcare is forecasting full-year underlying profit to rise by 10-17 percent after a 6.2 percent increase in the first-half.The actual bottom line first-half profit jumped 11.1 percent as its property values rose and with record resales.The retirement village operator says the stronger second-half results will reflect its accelerating building rate, with full-year underlying profit expected to be $250-265 million, up from $227 million last year. Net profit for the six months ended September rose to $188.3 million from $169.5 millio...

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