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Spire Healthcare HY Profit Down

Spire Healthcare Group Plc. (SPI.L), a UK private hospital group, reported that its profit after taxation for the six months ended 30 June 2017 declined to 8.9 million pounds or 2.2 pence per share from 35.7 million pounds or 8.9 pence per share in the prior year.

Revenue increased by 2.4% to 481.0 million pounds from 469.5 million pounds last year.

The Board has approved a 2017 interim dividend of 1.3 pence per share payable on 12 December 2017.

Although trading performance for the first-half of 2017 was in line with expectations, Spire has seen significantly lower than anticipated revenues in July and August 2017 - this recent trend in performance appears to be continuing into early September.

by RTTNews Staff Writer

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