Acurity annual earnings fall less than expected as subdued demand poses problems

Sun, 26 May 2013

By Paul McBeth May 27 (BusinessDesk) - Acurity Health Group, the private hospital operator formerly known as Wakefield Health, reported a smaller decline in annual earnings than forecast, while warning subdued demand for private sector health was making it difficult to keep a lid on costs. Net profit fell to $5.9 million, or 34 cents per share, in the 12 months ended March 31 from $6 million, or 39 cents, a year earlier, the Wellington-based company said in a statement. Adjusted annual earnings, which strips out the revaluations in interest...

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