Seven Mid-cap stocks with dividends
Increase in Debt: Sonic Healthcare Limited (ASX: SHL) reported a net profit growth of 30% to A$451 million in FY 16, on revenue growth of 20% to A$5,052 million. SHL reported underlying EBITDA of A$831 which fell in line with the guidance of A$815-840 million. Additionally, SHL expects 5% growth for underlying EBITDA in FY 17. But, there has been debt increase due to FX changes of about A$60 million and acquisitions. However, lease-back of two properties would enhance the capital structure. On the other hand, there was a negative growth in the earnings of the Australian business in FY 16 due to the impact of specimen collection infrastructure costs and Medicare fee cuts. Imaging earnings were affected by low market growth. SHL stock has fallen 3.89% in the last six months (as on January 18, 2017), while trading at a slightly higher level.
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