Ryman boosts first-half profit 23%; reaffirms annual earnings guidance

Thu, 19 Nov 2015

By Tina Morrison Nov. 20 (BusinessDesk) - Ryman Healthcare, New Zealand’s largest retirement village operator, posted a 23 percent gain in first-half profit as revenue increased from a bigger asset base and it lifted the value of properties. Profit advanced to $132.6 million, or 26.5 cents a share, in the six months ended Sept. 30, from $107.9 million, or 21.6 cents, a year earlier, the Christchurch-based company said in a statement. Revenue rose 16 percent to $126.8 million. A value uplift in its properties added $65.2 million to profit,...

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