Spire Healthcare Group Plc (SPI.L) Thursday reported profit before tax of 34.6 million pounds for the full year, significantly higher than 3.9 million pounds in the previous year, mainly helped by growth in revenue.
Excluding one-time items, profit before tax rose to 38.8 million pounds from 14.1 million pounds last year.
Net profit increased to 27.3 million pounds or 6.8p per basic share from 8.6 million pounds or 2.1p per basic share a year ago.
Adjusted profit grew to 31.8 million pounds or 7.9p per share from 17 million pounds or 4.2p per share last year.
Adjusted earnings before interest, taxes, depreciation, and amortization or EBITDA was 234 million pounds, up 15 percent from 203.5 million pounds last year.
Revenue for the year increased 13.4 percent to 1.359 billion pounds from 1.199 billion pounds in the previous year, driven by increasing demand for private healthcare.
The company's Board has recommended a final dividend of 2.1 pence per share, to be paid on June 21 to shareholders of record on May 24.
For fiscal 2024, adjusted EBITDA is expected in the range 255 million pounds to 275 million pounds.
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