One Health revenue up on rising demand amid NHS waiting lists

(Alliance News) - Medical services provider One Health Group PLC on Monday reported better ...

Alliance News 4 December, 2023 | 12:47PM
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(Alliance News) - Medical services provider One Health Group PLC on Monday reported better half-year earnings, as it benefitted from increase demand amid sizeable UK NHS waiting lists.

In the six months to September 30, revenue increased 13% to GBP11.1 million from GBP9.8 million. Pretax profit more than doubled to GBP706,718 from GBP255,858.

One Health lifted its interim dividend by 22% to 2.03 pence per share from 1.66p.

Increased NHS waiting list times and industrial action increased demand for support by the independent sector. One Health said this was reflected in a 12% increase of new patient referrals.

Similarly, surgical procedures carried out by One Health on NHS patients increased by 7% to around 3,000.

"One Health has performed well in the first half of the year. Financial performance is in line with management and market expectations and as we enter our busiest period of the year, we are confident we will achieve full year revenue and profit expectations," the company said.

By Hugh Cameron, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
One Health Group Plc Ordinary Shares 155.00 -

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