I don't see this is enormously troubling. End of the day revenue increased (somehow?) despite the most challenging environment hospitals have faced in forever.
Their costs have risen due to COVID related issues which we are now at the tail end of anyways.
Put simply governments are no longer capable or wanting to keep this "cap on elective surgeries" nor will the people who are waiting for them be. This is transitory because there is no choice other than
A) It goes away (vaccines duh)
B) Learn to live with it.
Having the private hospital system function as it is now will lead to ultimate collapse and this is known. Hence this short term situation will not continue.
What I find promising is the fact that revenue has increased. Whilst EBIT has not the reason for it is transitory.
I don't see this is enormously troubling. End of the day revenue...
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Last
$47.00 |
Change
-0.030(0.06%) |
Mkt cap ! $10.79B | |||
| Open | High | Low | Value | Volume |
| $46.77 | $47.15 | $46.57 | $11.00M | 234.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 397 | $47.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.01 | 116 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RHC (ASX) Chart |