Ramsay (ASX:RHC) records rise in FY22 revenues; requests trading halt

2 min read | August 26, 2022 11:02 AM AEST | By Bhawna Gupta

Ramsay (ASX:RHC) records rise in FY22 revenues; requests trading halt — Image source: © Nyul | Megapixl.com

FY22 report highlights

Ramsay reported total revenues of AU$13,740 million, a 3.1% rise over the previous corresponding period (pcp).
Over the last two fiscal years, the company has invested around AU$2.7 billion to develop and update its facilities and increase its service area.
Non-recurring items had a AU$60.1 million negative impact on EBIT, compared to an AU$34.2 million negative impact in the pcp.
The final fully franked dividend was 48.5cps, bringing the full-year dividend to 97.0cps.
Ramsay and Sime Darby Berhad are now considering the sale of their joint venture, Ramsay Sime Darby Health Care Sdn Bhd, as revealed on 22 March, 20222. Ramsay and its partner are still pursuing this transaction.

Data Source- Company announcement dated 26 February 2022

Things to know about Ramsay

Ramsay Health Care delivers high-quality care through a global clinical practice, education, and research network. Ramsay Health Care's global network is spread across 10 nations, with more than eight million admissions/patient visits to its institutions in 532 locations.

Paul Ramsay AO (1936-2014) started Ramsay in 1964 and the company has always focused on maintaining the highest quality and safety standards. Ramsay operates in four regions: Australia, Europe, UK and Asia.

Image Source: © Piter2121 | Megapixl.com

Future outlook

According to Ramsay, the Group's prospects remain bright. The company's world-class hospital network, along with its exceptional employees and physicians, gives it confidence that it is well-positioned to capitalise on the strong long-term trends driving the healthcare industry. Ramsay anticipates a steady rebound through FY23.

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