Ryman first-half earnings rise 22 percent to record, hikes dividend, affirms guidance

Wed, 20 Nov 2013

Nov. 21 (BusinessDesk) - Ryman Healthcare, whose shares have climbed 72 percent this year, said first-half underlying earnings rose 22 percent to a record, allowing the retirement village operator to hike its dividend while affirming its guidance for full-year earnings growth. Underlying profit, which excludes deferred tax and unrealised gains on investment properties, rose to $58.5 million in the six months ended Sept. 30, from $48.1 million a year earlier, the Christchurch-based company said in a statement. Sales rose 13 percent to $99.6 mi...

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