Reuters logo
NZ's Ryman profit jumps on rising demand for retirement services
May 14, 2014 / 8:48 PM / 4 years ago

NZ's Ryman profit jumps on rising demand for retirement services

WELLINGTON, May 15 (Reuters) - New Zealand rest home operator Ryman Healthcare Ltd posted a 42.5 percent jump in full-year profit do to a strong property market and increasing demand for retirement village services, the company said on Thursday.

The country’s largest listed retirement village operator said its net profit after tax was NZ$194.8 million ($168.59 million)compared with NZ$137 million a year ago.

Ryman, which owns 26 retirement villages, declared a dividend of 6.2 cents per share, up from 5.4 cents a year ago.

$1 = 1.1555 New Zealand Dollars Reporting by Naomi Tajitsu

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below