Healius Ltd

HLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$6.00	Twd	Wgghfndfh

Healius Earnings: Pathology Margins Weak but Set to Recover

Shane Ponraj

Feb 27, 2024

No-moat Healius’ first-half fiscal 2024 group revenue and EBIT fell 2% and 61% to AUD 849 million and AUD 16 million, respectively. This was largely due to higher-margin coronavirus revenue falling 97% but was broadly in line with our expectations. As flagged, first-half group EBIT excluding coronavirus testing was flat on last year, weighed down by rent and wage inflation.

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