Infrastructure

Ryman lifts underlying profit 13.6%, further addressed debt

Jenny Ruth
Fri, 20 May 2022

Ryman lifts underlying profit 13.6%, further addressed debt
Ryman chief executive Richard Umbers. (Image: Supplied)
Jenny Ruth
Fri, 20 May 2022
Ryman Healthcare lifted underlying annual profit by 13.6% with a jump in the value of its retirement villages lifting the bottom line by 63.8%Net profit of $692.9 million for the year ended March compared with $423.1m in the previous year.Property revaluation gains contributed $467.1m in the latest year compared with $201.2m the previous year.A key metric weighing on investors' minds, Ryman's debt level, improved a little, gearing easing to 42.6% at March 31 from 44.5% at Sept 30 and 44.3% in March last year.The company said it had abou...

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