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3 Mar 2024 12:34
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  •   Home > News > Business

    Ryman Healthcare is banking on an improvement in underlying profit ahead of the new year

    Ryman Healthcare is banking on an improvement in underlying profit ahead of the new year

    29 November 2023
    The retirement village company has posted a four-percent decrease in net profit for the six months to September.

    CEO Richard Umbers says they're now pausing work on five sites across Auckland, Wellington and Melbourne.

    Herald property editor Anne Gibson says underlying profit has been downgraded to the 300 to 330-million-dollar range.

    She says they're saying the wider range reflects ongoing market uncertainty, and dependence on sales for the new year.

    © 2024 Newstalk ZB, NZCity


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