Spire Healthcare Group plc (SPI.L), a provider of private healthcare in the UK, Thursday reported profit before tax of 22.7 million pounds for the first half, 11.8 percent higher than 20.3 million pounds in the comparable period last year, mainly driven by strong demand for private and NHS healthcare.
Excluding one-time items, adjusted profit before tax increased 20.2 percent year-on-year to 26.8 million pounds from 22.3 million pounds.
Operating profit grew 8.8 percent to 71.6 million pounds from 65.8 million pounds a year ago, while adjusted operating profit rose 11.7 percent to 75.7 million pounds from 67.8 million pounds.
Adjusted EBITDA or adjusted earnings before interest, taxes, depreciation, and amortization rose 10.8 percent to 130.6 million pounds.
Net profit was 14.1 million pounds or 3.2p per share, up from 12.7 million pounds or 3.0p per share in the prior year.
Adjusted profit grew to 19.6 million pounds or 4.6p per share from 14.2 million pounds or 3.4p per share last year.
Revenue for the period increased 12.7 percent to 762.5 million pounds from 676.5 million pounds in the previous year.
Looking ahead, the company continues to expect full-year adjusted EBITDA of 255 million pounds - 275 million pounds.
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