Revenue rose 17.5 per cent to $4.9 billion, beating expectations of $4.8 billion, according to Bloomberg data. Photo: Bloomberg
Private hospital operator Ramsay Health Care posted a 14 per cent rise in full-year net profit after tax to $303.8 million, boosted by strong growth in its Australian hospitals and the acquisition of French psychiatric operator Medipsy.
Excluding the effects of one-off items, the company’s preferred metric of core net profit after tax rose 19 per cent to $346.2 million, in the year ended June 30. The underlying result beat analysts’ expectations of net profit after tax of $335 million, and was up from $266.4 million in the same period last year.
Revenue rose 17.5 per cent to $4.9 billion, beating expectations of $4.8 billion, according to data compiled by Bloomberg.
Core earnings before interest and tax rose 19.6 per cent to $580.4 million, which also beat expectations of $566.3 million.