Ryman lifts annual earnings by 14%, meeting guidance, signals future growth

Thu, 17 May 2018

By Tina Morrison May 18 (BusinessDesk) - Ryman Healthcare, the country's biggest retirement village operator and developer, lifted annual earnings 14 percent, meeting guidance, and said it expects continued growth with 16 villages in the pipeline. Underlying profit, which excludes valuation changes in its property portfolio, rose to $203.5 million in the 12 months ended March 31 from $178.3 million a year earlier, in line with the company's forecast for earnings between $195 million to $210 million. Ryman and other New Zealand retireme...

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