Australia's Sonic Healthcare drops on weak HY results, guidance

Sonic Healthcare

19/02/2024 23:43

** Shares of Sonic Healthcare  SHL.AX  slip as much as 6.8%
to A$29.57, set for worst session since April 2, 2020 - if
losses hold 
    ** Medical diagnostics firm reports HY net profit of A$202
mln ($131.91 mln), down 47% on prior corresponding period as
COVID-19 revenues normalise 
    ** Co on track to achieve lower end of FY operating profit
forecast range of A$1.7 bln to A$1.8 bln
    ** Stock among top losers on the benchmark  .AXJO  
    ** Stock down ~1.1% this year, as of last close

($1 = 1.5314 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))