Shares in diagnostics company Sonic Healthcare jumped 13 per cent to a three-month high, after the company reported a profit that was up 50 per cent compared with the pre-pandemic period.
First-half revenue fell 14 per cent to $4.1 billion and net profit was down 54 per cent to $382 million, due to a steep drop in revenue from PCR testing during the peak of the pandemic a year earlier.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
