Medical diagnostic services provider Sonic Healthcare Ltd
(ASX:SHL) has posted a 29 per cent jump in full year profit today.
Net profit for the 12 months to June 30 rose to $315 million, on revenue of $3.014 billion which was 27 per cent higher than fiscal 2008.
CEO Dr Colin Goldschmidt says the result shows that the company is resilient against global economic conditions and having maintained a strong balance sheet through the credit crisis, Sonic is now set for further expansion as markets improve.
Looking ahead the company says its outlook for the 2010 fiscal year is positive, with profit expected to grow by 10 - 15 per cent.
Sonic declared a final dividend of 35 cents a share, bringing the total for the year to 57 cents a share, a 10 per cent increase over the previous year.
Sonic Healthcare’s profits have been increasing year on year for the past four years.
