Ramsay expects profit up by a third
February 1, 2010
Ramsay Health Care Limited (RHC) said its first half core NPAT result for the six months to 31 December last year was expected to be around 32% to 34% higher than the previous corresponding period. The result, the company said, was driven by a better than expected result from businesses in the UK and Australia.
The core result was not necessarily attributable to increased revenue, as much as cost cutting or ‘operational efficiencies’ the company noted.
”As a result, the core NPAT growth of the Group for the full 2010 fiscal year is, barring unforeseen circumstances, expected to be in the range of 18-20%, which compares to earlier core NPAT guidance of 12-14% growth over the prior year,” the company said.
”This upgraded core NPAT guidance of 18-20% growth would translate into core EPS growth of 10-12% for fiscal 2010.”
At 1332 AEDT, shares in Ramsay Healthcare were up 86c, or 7.5% to $12.33.
The core result was not necessarily attributable to increased revenue, as much as cost cutting or ‘operational efficiencies’ the company noted.
”As a result, the core NPAT growth of the Group for the full 2010 fiscal year is, barring unforeseen circumstances, expected to be in the range of 18-20%, which compares to earlier core NPAT guidance of 12-14% growth over the prior year,” the company said.
”This upgraded core NPAT guidance of 18-20% growth would translate into core EPS growth of 10-12% for fiscal 2010.”
At 1332 AEDT, shares in Ramsay Healthcare were up 86c, or 7.5% to $12.33.
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