Australia’s largest private hospital operator, Ramsay Health Care, said its first-half net profit fell, hurt by major restructuring at its French operations, that includes job cuts over three years.
Net profit fell 3.7 per cent to $246.5 million in the six months ended December 31 from $255.9 million in the year-earlier period. Core net profit rose 7.5 per cent to $288 million from $267.8 million, the company said in a statement to the Australian Securities Exchange.
Revenue rose 3 per cent to $4.4 billion from $4.3 billion in the year-earlier period. Ramsay will pay a 57.7¢ fully franked interim dividend on March 29, an 8.5 per cent increase from the year-earlier payout.
Chief executive Craig McNally said Ramsay Générale de Sa…
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