Ryman forecasts $223 mln-plus FY earnings as expansion continues

Thu, 22 Nov 2018

By Jenny Ruth Nov. 23 (BusinessDesk) - Ryman Healthcare is forecasting at least 9 percent full-year earnings growth as it expands its retirement village operations on both sides of the Tasman. The company is projecting underlying profit of $223 million to $238 million for the year through March, up from $203.5 million in the prior period. Ryman today reported that first-half underlying profit, which strips out changes in property valuations, rose almost 14 percent to $97.1 million. Net profit for the six months through September fell 1...

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