Shares in Primary Health Care Limited
(ASX:PRY) sank to the worst performer in the benchmark index after cutting its earnings guidance for the 2015 financial year.
The health care provider now expects to deliver flat earnings before interest, tax, depreciation and amortisation of about $400 million.
The anticipated result is down from a prior EBITDA forecast of between $410 million and $425 million.
Primary says fourth quarter trading has been weaker than expected with subdued patient volumes driven by extreme weather events and a relatively mild cold and flu season.
Primary Health Care reported a net profit of $53.37 million in the first half of the 2015 financial year.
