Acurity Health says cost control helping lift profit as sales fall

Tue, 25 Feb 2014

Feb. 25 (BusinessDesk) - Acurity Health Group said full-year underlying earning may rise as much as 15 percent as the private hospital operator formerly known as Wakefield Health keeps a lid on costs to make up for declining revenue. Profit will be $6.3 million to $6.9 million in the year ending March 31, excluding a $1.1 million gain from the sale of shares of Boulcott Clinic and interest rate swap revaluations. Earnings were $6.1 million on the same basis last year. Net profit would rise to as much as $8.7 million from $5.9 million. “The g...

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