BUZZ-Australia's Ramsay Health Care hits a near 2-month high on strong profit forecast

Reuters
02-11
BUZZ-Australia's Ramsay Health Care hits a near 2-month high on strong profit forecast

** Shares of Ramsay Health Care RHC.AX rise 4.6% to A$35.81, their highest level since December 18 last year

** RHC says it expects 1H25 underlying net profit after tax (NPAT) attributable between A$150 million ($94.16 million) and A$160 million

** Company's expected NPAT comes ahead of Visible Alpha consensus of A$142.6 million and last year's A$140.4 million

** Company flags goodwill and other asset impairment of A$305 million for its UK segment in 1H25 accounts

** Says Ramsay UK Hospitals valuation has increased

** RHC stock largely flat so far this year, including the day's moves

($1 = 1.5931 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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