Ramsay Health Care reports 40% half-year net profit decline amid global labor shortage and rising wages.
Ramsay Health Care, an Australian private hospital operator, reported a 40% decline in half-year net profit from continuing operations to AUD 135.5 million, partly due to global labor shortage and rising healthcare professionals' wages. Despite a 10.5% revenue increase, the company experienced a 23% decline in profit after tax. The company is reviewing ways to improve shareholder returns and unlock value from its global hospital portfolio.
February 28, 2024
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