Medical centres operator and pathology provider Primary Health Care has unveiled a near 50 per cent rise in full year profit and forecast stronger earnings in 2012\/12. <\/p>\n
Primary lifted its net profit for the year to June 30 by 49 per cent to $116.6 million, from $78.3 million in 2010\/11. <\/p>\n
Revenue climbed 5.3 per cent to $1.4 billion. <\/p>\n
Primary impressed investors by forecasting a 20-25 per cent rise in earnings per share (EPS) in 2012\/13. <\/p>\n
Its EPS was 23.3 cents a share in 2011\/12. <\/p>\n
Primary also expects earnings before interest, tax, depreciation and amortisation to climb to $370-380 million in 2012\/13, from $351.1 million in 2011\/12. <\/p>\n
\"Primary is able to look forward to strong growth as a result of the underlying strength of the business, positive industry dynamics, and long-term increasing demand for healthcare services,\" Primary said in a statement on Wednesday. <\/p>\n
Shares in the company were 34 cents, or 11 per cent, higher at $3.43 at 1038 AEST. <\/p>\n
Primary, which operates 76 medical centres, said it expected consolidation in the industry to continue and would look for small bolt-on acquisitions. <\/p>\n
Its medical centres, pathology and medical imaging divisions all lifted their earnings and revenue during 2011\/12. <\/p>\n<\/p>\n
Read the original post: Medical centres operator and pathology provider Primary Health Care has unveiled a near 50 per cent rise in full year profit and forecast stronger earnings in 2012\/12. Primary lifted its net profit for the year to June 30 by 49 per cent to $116.6 million, from $78.3 million in 2010\/11. Revenue climbed 5.3 per cent to $1.4 billion Continue reading
\nPrimary looks to strong earnings growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"