Sharechat Logo

Ryman Healthcare Limited (NZX: RYM) to Repay Wage Subsidy

Wednesday 16th December 2020

Text too small?

Ryman Healthcare will repay the $14.2 million wage subsidy it received to help protect jobs during the COVID-19 Level 4 lockdown.

"We’d like to thank the Government for its initiative in introducing the subsidy, which provided help at a time of great uncertainty for us and for thousands of other businesses," Ryman Healthcare Chairman Dr David Kerr said.

"Since January we have spent more than $50 million on our COVID-19 response, and I’m pleased to say we have not had a single case of COVID-19 among our more than 18,000 residents and staff. The financial certainty the subsidy gave us was a factor in our success during a difficult period.

"During the Level 4 lockdown we were unable to sell, market, refurbish, build or admit new residents, which severely impacted our trading, and so we met the criteria to qualify for the subsidy.

"We have regularly reviewed our position in relation to retaining the wage subsidy. The improved outlook in New Zealand means we are now committed to repaying the subsidy. Once again, we’d like to thank the New Zealand Government for its help."

See the link below for more details:

Ryman Healthcare to repay wage subsidy

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
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:

Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits
New Zealand Oil & Gas Limited (NZX: NZO) Half-Year Result 31 December 2020
Scales Corporation Limited (NZX: SCL) 2020 Annual Results Announcement
Marsden Maritime Holdings Limited (NZX: MMH) Half Year Result
Tourism Holdings Limited (NZX: THL) Interim Results FY21
Steel & Tube Holdings Limited (NZX: STU) Interim Results to 31 December 2020

IRG See IRG research reports