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 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.