Ryman posts record full-year profit again, on strong demand, faster expansion

Thu, 19 May 2016

By Jonathan Underhill May 20 (BusinessDesk) - Ryman Healthcare posted another record full-year profit, rounding out 14 straight years of earnings growth as New Zealand’s largest retirement village operator ramped up its Australian expansion and increased re-sales of occupation rights. Underlying profit, which excludes fair value changes from its property portfolio, rose 16 percent to $157.7 million in the 12 months ended March 31, the Christchurch-based company said in a statement. Operating revenue climbed 15 percent to $261 million....

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