Ramsay lifts full-year profit

Health care group eyes new acquisitions, further growth in FY14.

Ramsay Health Care (RHC) will look to make acquisitions in new markets and will reinvest in existing facilities but sees slowing profit growth for 2013-14 after posting a modest lift in full-year profit

In the year to June 30, core net profit increased 15% to $290.9 million, on top of its forecast range for between 13% and 15% growth.

However, the company sees core net profit and earnings per share growth coming down to between 12% and 14% for the current financial year.

In the same period revenue was $4.18 billion, a 5.6% lift on the $3.96 billion in 2012.

The group will pay a fully-franked final dividend of 41.5 cents.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles