Ryman Healthcare announced its annual net profit to climb 18.7 per cent touching $78.4 million, compared to the March 2009 year.

The Christchurch based retirement village and resthome operator posted its realized profit to be $61.39 million for the year, marking a rise 15.8 per cent on the $53m reported in the year to March 31, 2009.

While, unrealized valuation gains budged the reported profit to $78.4m from $66.1m in the prior fiscal year.

Operating cashflows were up 31% to $149 million for the year, which allowed the company to reinvest $120 million in new facilities without increasing debt.

It reported its trading revenue to be up 19% to $109 million, total income was witnessed to jump 18% to $176 million and the fair value movement of investment properties was up 16% to $66 million.

In addition, it's posted its earnings per share to jump 19% to 15.8c per share.

Chairman David Kerr, quoted, "We are particularly pleased to have been able to achieve strong growth in earnings from our completed villages, and to be able to continue to fund the building of our new villages out of operating cashflows".

Ryman currently possesses 21 villages across the nation, and plans to open two new villages every year.

Ryman shares last were witnessed to trade $2.14 on the NZX within a 12 month range of 1.52 to 2.17.