Acurity sees improvement in 1H earnings on cost-cutting measures

Mon, 14 Oct 2013

Oct. 14 (BusinessDesk) - Acurity Health Group, the private hospital group formerly known as Wakefield Health, boosted underlying earnings by as much as 23 percent as it managed to strip out costs faster than its revenue declined. The Wellington-based company says its underlying earnings were between $3.3 million and $3.5 million in the six months ended Sept. 30, up by between 17 percent and 23 percent from a year earlier. Net profit was between $3.9 million and $4.1 million, with a “significant component” coming from a revaluation of interes...

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