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Strong half year proves IVF services not discretionary: Virtus Health

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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Key Points

  • Revenue ($m) 169.6 up 19.4pc from year-earlier 142.1
  • Pretax profit ($m) 42.4 v 21.4
  • Net profit ($m) 29.9 v 15.0
  • Interim dividend 12c unchanged, payable on April 15 

COVID-19 has led to a shifting in people’s life priorities, and helped to boost IVF services at the nation’s largest fertility company, says Virtus Health chief executive Kate Munnings.

Pent-up demand from those looking to have a baby pushed Virtus to a strong rebound in the first half of financial 2021 with group revenue, earnings and profits up by double digits.

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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. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/virtus-health-says-ivf-services-are-not-discretionary-after-posting-strong-half-year-20210215-p572p4