Ryman Healthcare enjoyed its best week in almost two years.
Board ditches interim dividend as half-year revenue and profit slump.
The company’s operating earnings rose 12% in the past six months.
Net loss of $1.2m in the year ended September after multiple weather events, compared with $18.9m profit last year.
Telco and Positioning segments suffer but products for Space & Defence and AI industries find favour.
‘We have a strong cash balance ... that gives us options,’ CEO says.
Insurer reports overall loss in year ended September, while no dividend will be paid.
Although one market source suggests the terms were ‘stretchy’ at best.
Rising debt levels have been a focus for the sector over the past 12 months.
Payroll software company’s SME customers suffering as cost of capital rises.
