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Company News Summary

Healius Provides 1H 2020 Results

26 Feb 2020  |  08:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HLS 1H 2020 results, update on strategic initiatives

Healius provided 1H 2020 results. It announced underlying EBIT of $75.7m and underlying NPAT of $42.1m, increases of 4% and 8%, respectively, for the half-year ended 31 December 2019 (HY 2020). Reported EBIT was $45.0m and reported NPAT was $66.3m. Group revenue grew by 7% to just under $1bn supported by growth in Pathology and Montserrat. In 1H 2020, Imaging revenue grew by 5% to $202m following successful contract wins. The division's EBIT increased by 16% to $21m, with margin expansion underpinned by savings in consumables and property expenses from the Sustainable Improvement Program.

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