Three stocks on the rise – Healthscope Ltd, McMillan Shakespeare Ltd and Fairfax Media Ltd
Growth in 1H 17 Revenue: Healthscope Ltd (ASX: HSO) stock rallied over 5.8% on February 22, 2017 as the group reported 3.9% growth in the revenue to $1,192.0m during 1H 17 and a 5.1% growth in the group operating EBITDA to $216.8m. However, the statutory NPAT fell 7.0% to $90.5m. Hospitals Operating EBITDA growth of 2.2% reflected the softer operating environment while there was support from strong growth in New Zealand pathology. The group further mentioned that action is taken to increase flexibility in the Hospitals cost base in light of ongoing market variability. HSO is securing long-dated contracts, has renegotiated multi-year contracts with NIB and the Australian Health Service Alliance. The company has successfully renewed three DHB contracts in New Zealand in advance of maturity. Additionally, HSO has posted increase in depreciation due to completion of three major hospital expansion projects in 2HFY16, increased investment in New Zealand pathology and investment in theatre technology. In Hospital expansion plan, two projects have been completed in 1HFY17 and two major projects are expected to be completed in 2HFY17.
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