Ramsay Health Care Limited (ASX:RHC) has reported a 14 per cent boost in full year net profit.
The private hospital operator booked a net profit of $303.8 million in the year to June with strong growth in Australian hospitals and the acquisition of French operator Medipsy driving the gains.
The company’s underlying profit figure came in above expectations as did revenue which grew 17.6 per cent to $4.9 billion.
Managing Director Chris Rex says the company is delivering on its stated growth strategy, focussing on hospitals, reinvesting in facilities and making acquisitions.
The priorities for the company remain brownfields development and prudent acquisition with a goal of becoming the premier private operator in France.
A final dividend of $0.51 cents, fully franked, has been declared.
