The $40 million Summerset at Bishopscourt retirement village
in Dunedin is 80% complete in some areas.
Ryman Healthcare's stellar share price during the past year
has been vindicated after it yesterday booked its 11th
consecutive after-tax profit, rising 13% from $120.7 million
to $136.7 million.
Sharemarket darling Ryman Healthcare continues to impress,
with its shares hitting an all-time high of $4.34 having
gained a further 2.4% yesterday.
Rising star Ryman Healthcare's growth strategies are expected
to underpin improved revenue and profits of between 15% and
20% when it reports its half-year performance, later this
Demand for aged care facilities has led Ryman Healthcare to
increase its building rate, Craigs Investment Partners broker
Chris Timms says.
Retirement village operator Ryman Healthcare yesterday
reported its 10th year of successive record profits, the
underlying profit rising 16.5% to $84 million in the year
Ryman Healthcare is again proving itself to be a market
leader as it presses on with the development of larger
villages in Tauranga and Christchurch.
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