Ryman chalks up another record profit as bubbling property market bolsters resales

Thu, 18 May 2017

By Paul McBeth May 19 (BusinessDesk) - Ryman Healthcare posted a record annual profit, adding to its run of 15 years of earnings growth, as the hot property market underpinned gains from resales of its occupancy rights. Underlying profit, which excludes fair value changes from its property portfolio, rose to $178.3 million in the 12 months ended March 31 from $157.7 million a year earlier, the country's biggest listed retirement village operator said in a statement. Operating revenue gained 11 percent to $289 million. At its half-year re...

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