Australia's Ramsay Health Care sinks on poor annual results

Ramsay Health Care

28/08/2025 01:41

** Shares of Ramsay Health Care RHC.AX fall as much as 14.8% to A$36.645, logging their biggest intraday pct loss since Aug. 24, 2023

** Stock hits its lowest level since April 16

** The Australian private hospital operator posts annual net profit after tax of A$24 million ($15.60 million), compared with A$888.7 million reported a year ago

** Co logs a nearly 7% drop in annual revenue to A$17,791.6 million

** Stock down 3.6% this year, including the day's move

($1 = 1.5389 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))