17.08.2023 03:35:30 - dpa-AFX: Sonic Healthcare FY Profit Drops
CANBERA (dpa-AFX) - Sonic Healthcare Limited (SHL.AX, SKHCF.PK) reported
that its profit attributable to members of the company for the year ended 30
June 2023 dropped to A$684.98 million or 145.0 cents per share from the prior
year's A$1.46 billion or 302.5 cents per share, hurt by reduction in COVID-19
related revenues.
Revenue from operations was A$8.17 billion down from A$9.34 billion in the prior
year.
But the company's base business revenue, excluding COVID services, grew 11% in
total versus the prior year and organically by 7% on a like-for-like basis.
The company said that progressive dividend policy maintained, increase of 2
cents or 3.3% to 62 cents per share (100% franked) for the fiscal year 2023
Final Dividend. Full-year dividend was up 4% to A$1.04 per share.
Sonic expects EBITDA for fiscal year 2024 to be in the range of A$1.7 billion to
A$1.8 billion. This equates to up to 5% growth on fiscal year 2023 EBITDA, with
base business performance offsetting the material reduction in COVID-related
earnings.
For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX