Friday 18th December 2020
|Text too small?|
The first half unaudited underlying profit dropped by 14.2% to $88.4 million, due to restrictions on sales and construction activity caused by the pandemic.
Unaudited reported (IFRS) profit, which includes unrealised fair value gains on investment property, increased 12.8% to $212.4 million in the six months to 30 September.
Shareholders will receive an interim dividend of 8.8 cents per share in line with 50% of underlying profit.
The record date for entitlements is 11 December, and the dividend will be paid on 18 December 2020.
Ryman has a record number of new villages in the pipeline.
While there is likely to be some ongoing uncertainty due to the pandemic, there is clearly a lot of pent-up demand in the housing market. Ryman is anticipating cash collections of at least $275 million in the second half from new sales. With 12 villages under construction and more on the way, Ryman has a strong platform for growth.
See the link below for more details:
No comments yet
AFT Pharmaceuticals Limited (NZX: AFT) Maxigesic IV licensed in Eight New European Markets
My Food Bag Group Limited (NZX: MFB) Lists on NZX & ASX
Fonterra Shareholders Fund (NZX: FSF) Fonterra Lifts 2020/21 Forecast Farmgate Milk Price Range
Evolve Education Group Limited (NZX: EVO) Announces Acquisitions and Intention to Resume Dividend
My Food Bag Group Limited (NZX: MFB) L&Q Notice My Food Bag Group Limited
General Capital Limited (NZX: GEN) Equifax Affirms General Finance BB- Rating
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Appoints New General Manager Investment
Synlait Milk Limited (NZX: SML) FY21 Guidance Update
Z Energy Limited (NZX: ZEL) Announces Changes to Executive Team
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) FY21 Third Quarter Dividends