Mixed Result for Virtus Highlights Impact of Subdued Market Conditions on Operating Leverage
No-moat-rated Virtus Health delivered an interim profit of AUD 14.7 million, 11% below our expectations and down 18% on the previous corresponding period largely due to lower IVF volumes in the period consistent with the atypically soft market overall. In Australia, we anticipate currently subdued IVF market conditions to continue for the remainder of this fiscal year, given management commentary from both Virtus Health and peer Monash IVF Group. This result also highlights the inherent operatin...Virtus Health is a global healthcare company engaged in the provision of healthcare services which included fertility services, medical day procedure services and medical diagnostic services. As an Assisted Reproductive Services provider in Australia and Ireland with a presence in Singapore, Co. provides patients with access to some of the clinical and scientific capabilities in fertility treatment as well as assisted reproductive technologies.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.