Australia's Ramsay Health at over 10-year low on lower annual earnings outlook

Ramsay Health Care

05/08/2024 01:56

** Shares of Australia's Ramsay Health Care  RHC.AX  fall as
much as 2.1% to A$44.38
    ** Stock hits lowest since June 10, 2014
    ** RHC says it expects earnings from continuing operations
for FY24 to be slightly lower than previous year, mostly due to
non-cash impairments and writedowns on operations in France and
the UK
    ** Sees net profit after tax and minority interests from
continuing operations for FY24 between A$265 mln ($172 mln) and
A$270 mln, a touch below the A$278.2 mln reported last year
    ** Stock has fallen 13.9% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))