UPDATE: Ryman posts 24% gain in annual profit as property values, sales increase

Fri, 22 May 2015

(Adds CFO comments starting in fifth paragraph, updates shares) By Tina Morrison May 22 (BusinessDesk) - Ryman Healthcare, New Zealand's largest listed retirement village builder and operator, posted a 24 percent gain in annual profit as the value of its properties increased and revenue rose. Net profit increased to $241.9 million, or 48.4 cents per share, in the 12 months ended March 31, from $194.8 million, or 39cps, the year earlier, the Christchurch-based company said in a statement. Revenue rose 12 percent to $227.1 million and th...

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