Australia's Sonic Healthcare jumps most in nearly 2 weeks on profit rise

Sonic Healthcare

24/08/2022 02:21

** Shares of medical diagnostic firm Sonic Healthcare
 SHL.AX  rise as much as 2.5% to A$34.03, marking their biggest
intraday pct gain since Aug. 11
    ** Co says FY net profit rose 11.1% to A$1.46 bln ($1.01
bln)  urn:newsml:reuters.com:*:nASXbdX8fj
    ** Stock hits highest since Aug. 19
    ** SHL says FY revenue increased 6.7% to A$9.34 bln in a
record year of earnings on COVID-19 testing and overseas growth
    ** Co will pay a final dividend of 60 Au cents per share,
fully franked vs 55 Au cents per share paid last year
    ** Co says its biggest source of revenue were its European
labs, with revenue from labs up 3.3% to A$3.59 bln
    ** SHL down 28.8% YTD as of last close 
    



($1 = 1.4465 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))