Ryman withdraws profit guidance, to cease construction

By Jenny Ruth | Tue, 24 Mar 2020

Ryman Healthcare is withdrawing its profit guidance and halting construction in New Zealand to comply with the government's decision to place the country on lockdown to try to slow the spread of covid-19.The company will continue to operate its retirement villages as an essential service and said its teams are committed to providing its residents with the best of care possible during the emergency, Ryman said in a statement to NZX."We anticipate ceasing construction in New Zealand within the next 36 hours while restrictions on people's movement...

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