Healius misses but shareholders welcome CAPEX

Healius (HLS) +5.02%; Not a lot of new news coming from Healius today after they provided an update a few weeks ago, confirming profit would be in the range of 93-95.5m. Today’s $93.2m result was just within the lower end of expectations. Their guidance for FY20 was for profit growth on FY19 however market consensus already implies growth of +15% for the year. A reduced dividend payout to fund higher capex to accelerate the turnaround seems to have got the market more positive on the stock today.

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