Ramsay on track to deliver FY18 EPS growth

Company News

by Anna Napoli

Private hospital operator Ramsay Healthcare (ASX:RHC) has reported its core net profit after tax (NPAT) rose about 7 and a half per cent to $288 million for the half year to December 2017.

Group revenue increased by 3 per cent on the same time last year to $4.4 billion.

Its earnings before interest and tax (EBIT) increased by 1.5 per cent to $470 million dollars.

The company declared a fully franked interim dividend of 57.5 cents, that’s a rise of 8.5 per cent on the same time last year.

Ramsay has confirmed its on track to deliver financial year 2018 core earnings per share growth of 8 to 10 per cent.

Shares in Ramsay Healthcare (ASX:RHC) are trading 6.84 per cent lower to $63.16.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.