Highlights
- Ramsay has shared its financial results for the year ended on 30 June 2022.
- The company reported total revenues of AU$13,740 million, a 3.1% rise over pcp.
- Ramsay has requested a trading halt to make a further announcement.
Healthcare equipment and services company Ramsay Health Care Ltd (ASX:RHC) today (26 August 2022) shared its financial results for the year ended on 30 June 2022.
Simultaneously, the company has requested a trading halt until it makes a further announcement, or the normal trading will resume on 29 August 2022, whichever is earlier.
The announcement will be in connection with an update on the indicative proposal by a group of financial investors led by KKR.
Yesterday (25 August), Ramsay shares closed trading at AU$72.92 per share.
FY22 report highlights
- Ramsay reported total revenues of AU$13,740 million, a 3.1% rise over the previous corresponding period (pcp).
- Over the last two fiscal years, the company has invested around AU$2.7 billion to develop and update its facilities and increase its service area.
- Non-recurring items had a AU$60.1 million negative impact on EBIT, compared to an AU$34.2 million negative impact in the pcp.
- The final fully franked dividend was 48.5cps, bringing the full-year dividend to 97.0cps.
- Ramsay and Sime Darby Berhad are now considering the sale of their joint venture, Ramsay Sime Darby Health Care Sdn Bhd, as revealed on 22 March, 20222. Ramsay and its partner are still pursuing this transaction.
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 26 February 2022
Things to know about Ramsay
Ramsay Health Care delivers high-quality care through a global clinical practice, education, and research network. Ramsay Health Care's global network is spread across 10 nations, with more than eight million admissions/patient visits to its institutions in 532 locations.
Paul Ramsay AO (1936-2014) started Ramsay in 1964 and the company has always focused on maintaining the highest quality and safety standards. Ramsay operates in four regions: Australia, Europe, UK and Asia.
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Future outlook
According to Ramsay, the Group's prospects remain bright. The company's world-class hospital network, along with its exceptional employees and physicians, gives it confidence that it is well-positioned to capitalise on the strong long-term trends driving the healthcare industry. Ramsay anticipates a steady rebound through FY23.