Shares to follow Wall Street rally; Kelsian profits slump 60 per cent; massive impairments drive Healius into red; Brambles lifts final dividend; monthly CPI data at 11.30am AEST. Follow here for more.
Healthcare group Healius has unveiled a $368 million loss, blaming the result on massive impairments to its large pathology business.
Healius is one of Australia’s largest pathology and collection centre businesses, with has almost 2080 collection centres, including brands such as QML, and 96 accredited laboratories. Its loss for the 12 months to June this year, revealed on Wednesday, compared to a $308 million profit reported in the previous year.
Healius also maintained that business as usual revenues were improving 6.3 per cent, even as COVID-19 related testing income plummeted by 89 per cent, and it had initiated reforms to improve the business.
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