Ramsay Health Care Financial Update

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Ramsay Health Care has reported a 40% decrease in half-year net profit from continuing operations, prompting the company to actively explore ways to maximize the value of its worldwide hospitals.

Financial Results Overview

During the six months ending in December, Ramsay recorded a net profit of 135.5 million Australian dollars (US$91.9 million) from continuing operations, significantly lower than the A$224.5 million reported in the previous year. This figure does not include a profit of A$618.1 million generated from the sale of Ramsay’s joint venture with Malaysia’s Sime Darby, which was focused on the Asian market.

On a statutory basis, Ramsay’s net profit for the period reached A$758.5 million, up from A$194.4 million in the prior year. Despite the decline in profit, revenue increased by 11% to A$8.16 billion. Earnings before interest, tax, depreciation, and amortization (Ebitda) also saw growth of 2.9%, reaching A$1.04 billion when only continuing operations were taken into account.

Dividend Declaration

Despite the financial challenges, Ramsay’s board of directors announced an interim dividend of 40 Australian cents per share, marking a 20% decrease compared to the previous payout of 50.0 cents per share.

Strategic Review

With a commitment to optimizing shareholder returns, Ramsay stated, “The performance of the business will continue to be reviewed in the context of optimizing shareholder returns, a range of strategies are actively being assessed to unlock value and drive improved performance from the Company’s portfolio of assets.”

As Ramsay Health Care strategizes its next moves to enhance performance and deliver better results, the company remains focused on leveraging its global expertise and resources for sustainable growth.

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