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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.