Medical centre and pathology clinic operator Primary Health has achieved an $8.9 million full-year profit after its impairment-hit $517 million loss a year ago.
Primary’s revenue for the year to June 30 is up 4.9 per cent to $1.74 billion and the group declared a final dividend of 5.5 cents, fully franked.
Shares in Primary were in a trading halt on Monday as the company completes a $250 million capital raising to fund new GP recruiting and modernisation at its medical centres.
The medical centres division suffered a 1.4 per cent drop in revenue to $313.4 million for the year while pathology increased revenue five per cent to $1.09 billion and imaging revenue rose 10.5 per cent to $368.4 million.
Underlying group net profit was steady on 2016/17 at $92.3 million.
Primary shares last traded on Friday at $3.20 and remain close to a 10-month low.