Primary Health Care stronger profits on pathology

Company News

by Jessica Amir

Diagnostic imaging centre company, Primary Health Care (ASX:PRY) has reported a rise in most key financials with its profits (attributable to members) rising about 5 per cent to $22 million to the six months to the end of December. Its revenues rose 6 per cent to $857 million with its pathology division rising the most.

Its underlying earnings or EBIT at group level meantime fell, dipping to $81.3 million, down from the 2016’s half year EBIT of $81.9 million after adjusting from the greenfield centres going online.

It also expanded its nursing and recruitment and other support services, which increase costs in the short term but represents a long-term investment.

Its earnings per share firmed higher to 4.2 cents per share, while its interim dividend rose to 5.1 cents per share.

As a results, its shares are trading up 3.54 per cent to $3.66.


Jessica Amir

Finance News Network
Jessica is 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.