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Ryman’s shares hit an 11-year low following earnings downgrade

The retirement village operator cut its earnings guidance by about 13%, surprising the market.

Ryman Healthcare’s shares fell more than 11% to an 11-year low on the news that it expects full-year earnings to come in 13% lower than previously guided.

The listed retirement village provider yesterday forecasted its underlying profit to be between $265 million and $285m in the 12 months ending

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Nicholas Pointon Tue, 20 Feb 2024
Contact the Writer: nicholas@nbr.co.nz
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Ryman’s shares hit an 11-year low following earnings downgrade
Investment,
102774
true