Acurity lifts 1H earnings 22% on increased DHB work, cost cuts

Sun, 23 Nov 2014

By Paul McBeth Nov. 24 (BusinessDesk) - Acurity Health Group, the hospital operator set to be taken private by its three biggest shareholders, lifted first-half by profit 22 percent after increasing revenue from district health board work, and continued to clamp down on costs. Net profit rose to $4.9 million, or 29 cents per share, in the six months ended Sept. 30, from $4.1 million, or 24 cents, a year earlier, the Wellington-based company said in a statement. Stripping out unrealised fair value movements in interest swaps, adjusted earn...

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