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Ramsay reaffirms FY profit guidance

AAP logoAAP 25/10/2016

Ramsay Health Care has reaffirmed its profit guidance for the current financial year, saying its hospitals continue to deliver admissions growth in line with the long-term trend.

Australia's largest private hospitals operator on Wednesday reiterated its August guidance for core net profit and core earnings per share growth of 10-12 per cent in FY17. The company delivered net profit of $450.3 million in 2015/16.

Ramsay shares have dropped nearly nine per cent over the past week, amid a battering of healthcare stocks following a surprise profit warning from rival private hospitals operator Healthscope.

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