Brief: Ramsay Health Care Declares Interim Dividend 40.0 AU Cents Per Share

Ramsay Health Care

29/02/2024 01:00

Feb 29 (Reuters) - Ramsay Health Care Ltd  RHC.AX :
    * DECLARES INTERIM DIVIDEND 40.0 AU CENTS PER SHARE
    * GROUP CAPEX IS EXPECTED TO BE IN THE RANGE OF $A0.8 -1BN
IN FY24
    * HY TOTAL REVENUE AND OTHER INCOME (LESS INTEREST INCOME)
A$
8,159.3 MILLION VERSUS A$7,380.8 MILLION
    * DIVIDEND PAYOUT RATIO EXPECTED TO BE IN RANGE OF 60-70% OF
STATUTORY NET PROFIT IN FY24
    * FY24 EFFECTIVE TAX RATE IS EXPECTED TO BE APPROXIMATELY
33-34%
    * NET INTEREST EXPENSE NOW FORECAST TO BE IN RANGE OF
A$590-620M
FOR FY24
    * SEES MID SINGLE DIGIT TOP LINE GROWTH IN FY24 DRIVEN BY
LOW TO
MID SINGLE DIGIT GROWTH IN ACTIVITY, HIGHER REIMBURSEMENT LEVELS
    * INVESTMENT IN BROWNFIELD AND GREENFIELD PROJECTS IN
AUSTRALIA IS
NOW EXPECTED TO BE A$210-260M IN FY24
    * EXPECTS MARGIN RECOVERY WILL BE SLOWED IN FY24 BY ONGOING
INFLATIONARY PRESSURES ACROSS MOST COSTS
    * CONTINUES TO EXPECT FURTHER GROWTH IN GROUP EARNINGS FROM
CONTINUING OPERATIONS IN FY24
    * SEES INCREASE IN DIGITAL AND DATA OPEX INVESTMENT IN
AUSTRALIA
OF A$28-38M IN FY24 OVER FY23

Source text for Eikon:  ID:nASX1TcmQm 
Further company coverage:  RHC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))