Ramsay Health Care released a third quarter trading update this morning, pushing the share price higher as investors are impressed with the healthcare company?s performance. Despite reporting a near 39% decline in unaudited net profit after tax for the nine months to 31st March 2022 due to ongoing impacts from COVID-19, Ramsay Health Care said the company is in a strong position to benefit from the growing backlog of elective surgery across each of the regions it operates as restrictions are lifted on elective surgeries post pandemic.
The rally in Ramsay Health Care shares pushes the stock's value up 13.5% year-to-date.