Ryman Healthcare first-half profit rises 15 percent to record as fee income jumps

Wed, 14 Nov 2012

Nov. 15 (BusinessDesk) – Ryman Healthcare, the retirement village operator whose shares jumped 51 percent this year, posted a 15 percent gain in first-half profit and bumped up its dividend as fee income grew. Profit rose to $68.8 million, or 13.8 cents a share, in the six months ended Sept. 30, from $59.6 million, or 11.9 cents a year earlier, the Christchurch-based company said in a statement. Revenue rose 19 percent to $87.9 million. Ryman’s total retirement village units and care beds rose to 5,882 in the first half, from 5,107 a year ea...

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