19 May 2023

Midday Business News for 19 May 2023

From Business News, 12:20 pm on 19 May 2023

News from the business sector The large retirement village provider Ryman Healthcare has posted a 63 percent drop in net profit against a backdrop of economic challenges, severe weather events and the tail end of Covid-related disruptions.

Subscription based meal kit business My Food Bag Group has cut jobs and will quit the Australian stock exchange as profits fall 60 percent.

Big box retail and supermarket property company Investore has reported a heavy loss as the value of its portfolio was hit by the weaker property market.