Ramsay Health Care Ltd. reported a 39% fall in annual profit for the 12 months through June, down $449 million a year earlier.
The company said the financial impact of COVID-19 in FY22 was the most severe of the pandemic due to the high prevalence of the virus in the community across all regions and elective surgery restrictions imposed around Australia.
Ramsay said it expects a gradual recovery through fiscal 2023 and more normalised conditions from fiscal 2024 onwards.
Ramsay is in a trading halt after posting earnings this morning and updating on the latest $20 billion takeover offer from private equity suitor KKR.