Ramsay Health Care resumes dividends, points to increased admissions

Carrie LaFrenzSenior reporter

Feb 25, 2021 – 9.31am

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Key Points

Revenue ($b) 6.6, up 4.1pc from year-earlier 6.5
EBIT ($m) 583.8 v 609.5
Net profit ($m) 226 v 258.4
Interim dividend 48.5c v 62.5c, payable on March 31

Ramsay Health Care chief executive Craig McNally says hospital admissions are starting to bounce back in Australia, and the nation’s largest private hospital operator is ready to help alleviate public system wait lists that have grown around the world due to COVID-19.

Surgical admissions per workday have continued to move higher in December and January, increasing 3.5 per cent and 5.7 per cent, respectively, across its Australian hospitals, showing signs of recovery. Stripping out Victoria, it was even higher at 7.6 per cent in this fresh half.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.