16 May 2013

Ryman profit up

6:48 pm on 16 May 2013

Investors in Ryman Healthcare are in line for a bigger payout, after the rest home operator increased its full year profit by 13%.

Ryman shares are up 2% after the company reported an after tax profit of $137 million in the year to the end of March.

The rest home operator says its underlying profit rose 19% to $100 million.

Chairman David Kerr said the outlook for the year ahead is promising and he's confident the company can continue to achieve 15% growth this year.

Ryman has bought land in Birkenhead, Auckland, and plans to buy at least another four sites this year.