24 Nov 2009

Retirement business thriving for Ryman

7:14 am on 24 November 2009

Ryman Healthcare says demand for retirement units has not faltered during the economic downturn and it is forging ahead with plans for more villages.

The listed healthcare provider made a $38.5m profit in the six months to September, up almost 10% on the same period last year.

Chief executive Simon Challies says the ageing population's demand for retirement units has remained strong over the year and is picked to climb higher still.

Ryman's half-year realised profit, which excludes revaluations, climbed 12% to $29 million and Mr Challies says he expects a similar performance in the second half of the financial year.