Ryman Healthcare says demand for space in its retirement villages continues to grow.
Excluding unrealised movements in investment valuations, it made $26 million dollars in the six months to the end of September - an increase of 10%.
When valuations are included, it made $35 million, which was 1% up on the same period last year as property values fell slightly.
Ryman's chief executive, Simon Challies, says sales of occupation rights were up 11% during the period.
He says Ryman expects to match or slightly better its first-half profit in the second half of the financial year.
