Sharechat Logo

Ryman Healthcare Limited (NZX: RYM) Unaudited First Half Underlying Profit of $88m

Friday 20th November 2020

Text too small?

Ryman reports unaudited first half underlying profit of $88.4 million, a decrease of 14.2% due to the impact of COVID-19.

Shareholders will receive an interim dividend of 8.8 cents per share in line with underlying profit. The record date for entitlements is December 11, and the dividend will be paid on December 18, 2020.

Chief Executive Gordon MacLeod said the pandemic had increased costs and restricted sales and construction activity in key markets.

But with lockdowns coming off in Victoria and a buoyant housing market in New Zealand, Ryman was expecting conditions to improve in the second half, and the company had a record number of new villages in the pipeline to take advantage of the recovery.

The construction team continued to build at a reduced rate in Victoria and Ryman is planning to have five villages open in the state by December 31, although there is potential for this to be slightly delayed because of COVID-19.

Ryman is now looking to recruit a chief executive for its Australian operations for the first time as the company gears up to expand in Victoria and into other Australian states.

See the links below for more details:

Ryman Healthcare Limited - Announcement Numbers - 30 September 2020

Ryman Healthcare Limited - Media Release and Key Statistics - 30 September 2020

Ryman Healthcare Limited - Distribution Notice - September 2020

Ryman Healthcare Limited - Results Presentation - 30 September 2020

Source: Ryman Healthcare Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Cannasouth Limited (NZX: CBD) United Nations Vote to Reschedule Cannabis
Westpac Banking Corporation (NZX: WBC) Enters into Enforceable Undertaking with APRA
Tower Limited (NZX: TWR) Reaches Agreement for Club Marine Boat Customers
Serko Limited (NZX: SKO) Trading Conditions Update
IPO Offer: New Zealand Rural Land Co
Infratil Limited 6-year Infrastructure Bonds
Westpac Banking Corporation (NZX: WBC) Sells General Insurance Business to Allianz and Enters 20 Year Distribution Agreement
NZX Limited (NZX: NZX) Investor Day and Earnings Guidance Update
Synlait Milk Limited (NZX: SML) Sustainability Report Shows GHG Emissions Improvements
IPO Offer: New Zealand Rural Land Co

IRG See IRG research reports