Australia's Ramsay Health Care posts steep drop in annual profit, shares fall

Ramsay Health Care

28/08/2025 02:32

Aug 28 (Reuters) - Australia's Ramsay Health Care RHC.AX logged a huge drop in its annual results on Thursday, hurt by a poor performance at both its European division and British mental health service business, sending its shares to an over four-month low.

The Australian private hospital operator posted a net profit after tax of A$24 million ($15.60 million) for the year ended June 30, compared with A$888.7 million reported a year ago.

Shares of the firm have fallen as much as 15.7% to A$32.1 as of 0130 GMT, hitting their worst level since April 14.

($1 = 1.5389 Australian dollars)

 (Reporting by Rajasik Mukherjee; Editing by Alan Barona)

 ((Rajasik.Mukherjee@thomsonreuters.com))