Australia's Ramsay Health Care soars after strong FY earnings
BUZZ-Australia's Ramsay Health Care soars after strong FY earnings ** Shares of Australia's Ramsay Health Care RHC.AX gain as much as 15.6% in early trading at A$50.880, their highest level since May 16, 2024
** Stock marks its biggest intra-day pct jump since early 2025 and is the top gainer in the ASX200 benchmark index .AXJO as of 0021 GMT
** Hospital and healthcare services provider posts FY underlying NPAT of A$364.1 ($261.31), beating Visible Alpha consensus estimates of A$323.2 million and up from A$305.3 million a year ago
** Adds, co also posted FY underlying EBIT of A$1.16 billion, compared to VA estimate of A$1.08 billion and up from A$1.04 billion a year ago
** Analysts at Citi say earnings beat was "driven largely by cost management," especially in the UK
** Stock up 44.65 YTD, including session's moves
($1 = 1.3933 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)
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