Stocks of the Hour: Sonic, Charter Hall & nib

Company News

by Lauren Evans

Sonic Healthcare (ASX:SHL) delivered revenue of $8.8 billion in FY21, up 28 per cent from the prior year. Sonic played a crucial role in Covid-19 testing and vaccinations whilst providing usual healthcare services, serving 138 million patients in total. Sonic is not providing earnings guidance for FY22 due to the unpredictable situation of Covid-19. Shares in Sonic Healthcare (ASX:SHL) are trading 2.5 per cent lower at $41.75.

Charter Hall (ASX:CHC) recorded revenue of $668 million in FY21, compared to $553.8 million in the prior year. FY21 marks 30 years of active partnership, where Charter Hall continue to use their property expertise. FY22 distribution per security guidance is expected to grow 6 per cent from FY21. Shares in Charter Hall Group (ASX:CHC) are trading 6.1 per cent higher at $18.31.

nib (ASX:NHF) reached underlying revenue of $2.6 billion in FY21, up 2.9 per cent from the prior year, despite the impact of Covid-19 on claims. nib provided additional support to members and reported net profit after tax up 84.5 per cent from the prior year. nib expects FY22 to remain similar to the past 12 months, with the pandemic having mixed consequences. Shares in nib holdings (ASX:NHF) are trading 10.4 per cent lower at $7.15.

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