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Highlights
- Ramsay Health Care is an ASX-listed healthcare provider which offers services to network of hospitals, clinics and services in Australia, Asia, Europe and the United Kingdom
- In FY24, total revenue and other income of RHC increased by 9.4% YoY to AUD 16,772.1 million
- Paul Ramsay Holdings Pty. Ltd. has the highest stake in the firm with a shareholding of nearly 18.72%
Ramsay Health Care Limited (ASX:RHC) provides healthcare to people through a network of hospitals, clinics and services in Australia, Asia, Europe and the United Kingdom. Ramsay Australia operates more than 73day surgery units and private hospitals in Australia.
In the financial year 2024 (FY24), total revenue and other income of RHC increased by 9.4% YoY to AUD 16,772.1 million, while revenue from contracts with customers surged by 7.3% YoY, supported by higher hospital admissions, improvement in Elysium’s metrics and growth in primary and allied health in the Nordics.
During the reported period, underlying profit after tax increased by 19.7% YoY to AUD 300.1 million and cash and cash equivalents reached AUD 662.3 million, as of 30 June 2024.
The period saw 198.1% YoY rise in net profit attributable to the parent, reaching AUD 888.7 million, comprising a gain of AUD 618.1 million from the sale of Ramsay Sime Darby.
Top 10 shareholders of RHC
The top 10 shareholders of RHC have around 47.14% shareholding in the firm, while the top four have nearly 36.52% of the shareholding. Paul Ramsay Holdings Pty. Ltd. and Netwealth Investments Ltd. have the highest stake in the firm with a shareholding of ~18.72% and ~10.34%, respectively.
Recent business update
Through an ASX update dated 29 August 2024, the company informed that BlackRock Group and its related entities ceased to be a substantial holder in RHC as of 27 August 2024.
Outlook
In FY25, the company expects to see growth in patient activity at a slower pace than FY24. Further, in FY25, net profit after tax from continuing operations is expected to increase and margin recovery is expected to be impacted by investments in digital and data programs along with ongoing wage inflation pressures, especially in Europe and the UK.
Following the conclusion of the Ramsay Sante refinancing, the net interest expense are forecasted to fall in range of AUD 590-620 million in FY25.
Share performance of RHC
RHC shares closed 2.70% lower at AUD 39.61 apiece on 4 September 2024. RHC’s share price recorded a fall of 21.19% over the past year and a drop of 19.16% in the past three months.
52-week high of RHC is AUD 57.23, recorded on 8 March 2024, while 52-week low is AUD 40.11, recorded on 2 September 2024.

RHC Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 04 September 2024. The reference data in this report has been partly sourced from EODHD/Others.






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