Estia Health’s Half-Year Result 25 Feb 20: Estia Health (EHE) profits fall in tough environment for aged care sector

In challenging conditions, aged care provider, Estia Health (EHE) managed a slight lift to first half revenue, reporting a 9.1% increase to 316.1 million. However, net profit after tax (NPAT) fell sharply by 32.1% to 14.3 million while earnings (EBITDA) for mature homes (homes operating over 12 months or >85% occupancy) fell 12.6% to 40.9 million.

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