Ann: FLLYR: RYM: Ryman Healthcare reports record profit of...

• Release Date: 22/05/15 08:30
• Summary: FLLYR: RYM: Ryman Healthcare reports record profit of $136.3 million
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					RYM
22/05/2015 08:30
FLLYR
PRICE SENSITIVE
REL: 0830 HRS Ryman Healthcare Limited

FLLYR: RYM: Ryman Healthcare reports record profit of $136.3 million

Media release - May 22 2015

Ryman Healthcare reports record profit of $136.3 million

Target set to open five villages in Melbourne by 2020

Ryman Healthcare today announced a record underlying profit of $136.3 million
thanks to unprecedented demand for new villages in Melbourne and Auckland.
Valuation gains lifted the reported profit after tax to $241.9 million.

"We achieved everything we set out to do and more in what was a landmark year
for Ryman. We think the company is now poised for a terrific future in
Australia and New Zealand thanks to growing demand and a significant
landbank,'' Chairman David Kerr said.

"We are pleased to pass this success on to our shareholders with a 15 per
cent increase in the dividend to match the rise in underlying profits.''

Dr Kerr said it was the 13th consecutive year of growth in underlying profits
and Ryman had again met its medium term target of growing underlying profits
by 15 per cent a year. Sales reached a record 1175 units in the year, 20 per
cent up on the year before.

Ryman has doubled in size in the past five years and is on track to keep on
growing, Dr Kerr said.

"Our first village in Melbourne is one of our fastest selling ever. We've got
ample proof that our expansion into Melbourne was the right thing to do.''

"As a result we have set a target of having five villages open in Melbourne
by 2020.''

"We have also been pleasantly surprised by the level of demand we're seeing
for our New Zealand villages, particularly in Auckland.''

Dr Kerr said Ryman's many years of reinvestment in its portfolio was paying
off as villages matured and returns grew.

The company remained focused on improving the resident experience of living
in a Ryman village. The growth in earnings helped fund additional investment
in staff development and training, electronic care systems and improved
caregiver pay.

Pay rates had been increased again and there were a range of initiatives
under way to ensure that residents were constantly delighted by their
decision to live in a Ryman village, Dr Kerr said.

Ryman shareholders will receive a final dividend of 7.3 cents per share which
will be paid on June 26 2015, taking the total dividend for the year to 13.6
cents per share. The record date for entitlements is June 12 2015.

Ryman's construction team is busy with work continuing on five new villages
including Wheelers Hill in Melbourne (Weary Dunlop), Howick (Bruce McLaren),
Pukekohe, Birkenhead, and Petone (Bob Scott).

Ryman expects to start work on new villages in Rangiora and Greenlane in New
Zealand in the year ahead. Work will also begin on its second Melbourne
village at Brandon Park and Ryman is looking to expand its landbank again in
Australia and New Zealand.

NOTE: Underlying profit excludes deferred taxation, taxation expense and
unrealised gains on investment properties, because these items do not reflect
the trading performance of the company. Underlying profit determines the
dividend paid to shareholders.

About Ryman: Ryman Healthcare was founded in Christchurch in 1984 and owns
and operates 30 retirement villages in New Zealand and Australia. Ryman
villages are home to 9000 residents, and the company employs 4000 staff.

Media advisory: For further information, photos, interviews or comment please
contact Corporate Affairs Manager David King on +64 3 366 4069 or +64 21 499
602.

CONSOLIDATED OPERATING STATEMENT FOR THE YEAR ENDED 31 MARCH 2015

Audited.

Current Year NZ$; Up/(Down) %; Previous Corresponding Year NZ$

UNDERLYING PROFIT:
136,316,000; + 15.3%; 118,204,000

OPERATING REVENUE:

Trading Revenue:
226,412,000; + 11.8%; 202,491,000
Other Revenue
700,000;  (4.4%); 732,000
Total Operating Revenue
227,112,000; + 11.8%; 203,223,000

Fair value movement of investment properties:
217,624,000; + 25.1%; 174,019,000

TOTAL INCOME:
444,736,000; + 17.9%; 377,242,000

NET PROFIT BEFORE TAXATION:
242,031,000; + 19.1%; 203,287,000

Less tax on operating profit:
113,000; (98.7%); 8,482,000

NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF LISTED ISSUER:
241,918,000; + 24.2%; 194,805,000

Earnings per share:
48.4 cps; + 24.2%; 39.0 cps (basic and diluted)

Final Dividend
7.3 cps; + 17.7%; 6.2  cps
Record Date: 12 June 2015
Date Payable: 26 June 2015
Imputation Tax Credit: No Imputation Credit
End CA:00264652 For:RYM    Type:FLLYR      Time:2015-05-22 08:30:04