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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.