Ryman boosts FY profit 13 percent as fee income jumps, portfolio value climbs

Wed, 15 May 2013

By Paul McBeth May 16 (BusinessDesk) - Ryman Healthcare, the retirement village operator whose shares have jumped by more than a third this year, boosted annual profit 13 percent as increased sales of units lifted its fee income and as the value of its property portfolio continued to climb. Net profit rose to $136.7 million, or 27.5 cents per share, in the 12 months ended March 31, from $120.8 million, or 24.3 cents, a year earlier, the Christchurch-based company said in a statement. Underlying profit, which strips out unrealised movements...

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