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AAP
AAP
Business
Derek Rose

Retirement home operator finally cashflow positive

Ryman Ryman Healthcare Naomi James Christchurch
NZ-based retirement home operator Ryman Healthcare recorded positive free cash flow for the half. (Alan Porritt/AAP PHOTOS)

A Christchurch-based retirement home operator that recently listed on the Australian stock exchange has delivered its first positive free cash flow in a decade, but still posted a loss.

Ryman Healthcare announced on Thursday it had positive free cash flow of $NZ56.2 million ($A49.1 million) for the six months to September 30, up from negative $NZ52.5 million ($45.9m) in the previous half. 

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