Primary Health Care Expects FY17 UNPTA $92m & EBIT to fall

Company News

by Jessica Amir

Primary Health Care (ASX:PRY) has confirmed its FY2017 underlying NPTA guidance will be $92 million, which is at the lower end of its previously advised range.

The diagnostic centre company says a decline in medical centres is expected to be partially offset by strong performance in imaging and a modest increase in pathology.

Primary Health Care expects to book a non-cash impairment charge of about $575 million.

Meantime, the company expects its EBIT for FY17 will fall from the prior year (FY16 $72 million) to about $50 million.

Shares in Primary Health Care (ASX:PRY) are trading are trading 1.67 per cent lower to $3.54.

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.