Increased sales have boosted Ryman Healthcare's half year profits by 14%.
The listed rest home operator, which operates 24 retirement and rest home villages nationwide, made $59.6 million in the six months to the end of September.
The result includes unrealised property value gains and underlying profit rose 15% to $41.4 million.
Managing director Simon Challies says the result is outstanding considering the Christchurch earthquake forced the team out of its head office and damaged some of its villages.
"The foundations have been laid over the last few years," he says.
Mr Challies says the firm expects to achieve its target of 15% underlying profit growth for the full year.
In the last six months, it opened 170 beds in New Plymouth, Hamilton,and Auckland, and in the second half it will open new facilities in Gisborne, Christchurch and Tauranga.
