News: RHC Ramsay Health Care Announces Declared Final Ordinary Dividend Of 25 AU Cents Per Share

Aug 24 (Reuters) - Ramsay Health Care Ltd (RHC) :

• FY TOTAL REVENUE AND OTHER INCOME (LESS INTEREST INCOME) A$15,339.1 MILLION VERSUS A$13,747.1 MILLION
• DECLARED FINAL ORDINARY DIVIDEND OF 25 AU CENTS PER SHARE
• FY NET PROFIT AFTER TAX ATTRIBUTABLE A$298.1 MILLION VERSUS A$274 MILLION
• AUSTRALIAN EARNINGS IN FY24 ARE EXPECTED TO REFLECT MID SINGLE DIGIT VOLUME GROWTH
• IN FY24 RAMSAY UK IS FORECASTING VOLUME GROWTH IN THE MID TO HIGH SINGLE DIGITS
• PERFORMANCE OF ELYSIUM IS EXPECTED TO IMPROVE IN FY24 OFF A STRONGER 4QFY23 PERFORMANCE
• A SALE PROCESS WAS COMMENCED FOR RAMSAY SIME DARBY WHICH RESULTED IN RECEIPT OF NUMBER OF NON-BINDING INDICATIVE OFFERS
• RAMSAY AND SIME DARBY IN PROCESS OF NARROWING NUMBER OF PARTIES WE WILL TAKE THROUGH TO THE NEXT STAGE OF THE PROCESS
• FAILURE TO IMPROVE PROFITABILITY WOULD RESULT IN DETERIORATION OF ELYSIUM’S FINANCIAL OUTLOOK IN NEAR-TERM
• EXPECT TO ANNOUNCE OUTCOME OF PROCESS BEFORE AGM
• THERE IS NO CERTAINTY A SALE PROCESS WILL RESULT IN A COMPLETED TRANSACTION
• SEES FY24 INCREASE IN DIGITAL AND DATA OPEX INVESTMENT IN AUSTRALIA OF A$34-A$44M OVER FY23
• SEES FY24 EFFECTIVE TAX RATE IS EXPECTED TO BE 30%
• SEES FY24 NET INTEREST EXPENSE (INCL. OF AASB16 LEASE COSTS) IS EXPECTED TO BE IN THE RANGE A$570-A$600M
• SEES FY24 INVESTMENT IN BROWNFIELD AND GREENFIELD PROJECTS IN AUSTRALIA IS EXPECTED TO BE A$250-A$300M
• SEES FY24 DEPRECIATION AND AMORTISATION IS EXPECTED IN THE RANGE OF A$1.0BN - A$1.1BN
• SEES FY24 GROUP CAPEX IS EXPECTED TO BE A$0.89-A$1.02BN
• SEES FY24 DIVIDEND PAYOUT RATIO IS EXPECTED TO BE IN THE RANGE OF 60-70% OF STATUTORY NET PROFIT

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