Richard Umbers: Ryman Healthcare chief executive on the company posting a lower half-year profit

Retirement village operator Ryman Healthcare has posted a lower-than-expected half-year profit. The company had earned $186 million after tax for the six months to September, a 4 percent decrease from 2022. Chief executive Richard Umbers says this loss is driven by a more subdued housing market.  "The housing market is under pressure. That impacts our ability to sell, which inevitably has a flow-through effect on the business."  LISTEN ABOVE  See omnystudio.com/listener for privacy information.