Ryman first-half profit climbs 8.4% as unit resales outstrip slowing property market

Wed, 22 Nov 2017

By Paul McBeth Nov. 23 (BusinessDesk) - Ryman Healthcare, the country's biggest retirement village operator and developer, boosted first-half profit 8.4 percent and lifted its interim dividend on rising resales of existing units at a fatter margin, even as the broader property market slowed. Net profit rose to $202.6 million, or 40.5 cents per share, in the six months ended Sept. 30, from $187 million, or 37.4 cents, a year earlier, the Christchurch-based company said in a statement. Underlying earnings, the company's preferred measure w...

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