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28 Feb 2024 19:25
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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


    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

     Other Business News
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     28 Feb: Wellington Mayor Tory Whanau disagrees with the local Labour Party for its opposition to selling the council's airport shares
     28 Feb: Spark's first-half net profit for the financial year, has fallen almost five percent
     28 Feb: The Commerce Commission has approved Transpower spending almost four-hundred million dollars on boosting the national electricity grid
     28 Feb: A better than forecast half-year result for Christchurch Airport is being seen as a win for the city as a whole
     Top Stories

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    Rieko Ioane and Finlay Christie will miss the Blues' Super Round trip to Melbourne under All Blacks load management More...


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    ANZ has admitted it got it's Official Cash Rate prediction wrong More...



     Today's News

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    Politics:
    The Act Party leader appears to be dashing any hopes of Government support for Newshub 18:57

    Entertainment:
    Constance Wu did not expect to be doing so much laundry when she became a mom 18:50

    Business:
    ANZ has admitted it got it's Official Cash Rate prediction wrong 18:37

    Entertainment:
    Lupita Nyong'o was "living in a lot of pain and heartbreak" following her split from Selema Masekela 18:20

    International:
    Maryam and Abdullah got married in the Israel-Gaza war and were killed in an air strike two days later 18:07

    Business:
    Wellington's Mayor has revealed details about the Reading Cinema deal 18:07

    Entertainment:
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    International:
    Police arrest man after second man shot inside office on Castlereagh Street in Sydney's CBD 17:47

    International:
    Warner Bros Discovery set to close New Zealand's Newshub service 17:47


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