Report
Chris Kallos, CFA
EUR 147.86 For Business Accounts Only

Primary Transforms Balance Sheet; Attracting GPs Will Need More Work; Maintaining FVE

Primary reported fiscal 2016 EBITDA of AUD 364 million and underlying NPAT of AUD 104 million, down 4% and 7%, respectively, on the prior period, on a 3% increase in group revenue of AUD 1,651 million. The result was in line with recent guidance. The final dividend was AUD 6.4 cents per share, fully franked, versus an interim dividend of AUD 5.6 cents per share, 50% franked. This represents a full-year dividend payout ratio of 60% on adjusted EPS, down from 75% in fiscal 2015. The result was cha...
Underlying
Healius

Primary Health Care is a medical center operator engaged in providing diagnostic imaging services and pathology services. Co. operates three principal operating segments: Medical Centres, which provides a range of services and facilities to general practitioners, specialists and other health care providers; Pathology, which provides pathology services; and Imaging, which provides imaging and scanning services from stand-alone imaging sites and from within the consolidated entity's medical centres.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Kallos, CFA

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