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Japara Healthcare Provides AGM Address and Presentation

21 Oct 2016  |  13:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AGM Adresses and Presentation

Japara Healthcare provided its chairman's address to the Company's AGM. The chairman reported that the Company has a operating model, focused on high care, sits at the very core of its strategy. The Company noted that workplace health and safety practices are in place to protect the wellbeing of staff, particularly the over 5,000 nurses and carers who are directly involved in caring for the residents. The Company delivered a solid financial performance in FY16. Total revenue was up 16.4% to $327.3m, and EBITDA increased by 10.9% to $56.1m. The Profke business acquired in December 2015 is performing well under the ownership of the Company. Profke contributed $4.4m in EBITDA in FY16, which was ahead of the guidance provided at the time of acquisition.

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