Ryman expansion lifts first-half earnings; expects record full-year profit

Thu, 17 Nov 2016

By Tina Morrison Nov. 18 (BusinessDesk) - Ryman Healthcare lifted first-half earnings and said it expects to report another record profit for the full year, as New Zealand’s largest retirement village operator inked higher sales and continues to expand. Underlying profit, which excludes fair value changes from its property portfolio, rose 9 percent to $76.5 million in the six months ended Sept. 30 compared with the year earlier period, the Christchurch-based company said in a statement. The company expects full-year underlying profit of b...

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