Ramsay reaffirms FY profit guidance

Ramsay Health Care has reaffirmed its profit guidance for the current financial year, in contrast to a surprise profit warning last week by rival Healthscope.

Ramsay Health Care has reaffirmed its profit guidance for the current financial year, saying its hospitals continue to deliver admissions growth in line with the long-term trend.

Australia's largest private hospitals operator on Wednesday reiterated its August guidance for core net profit and core earnings per share growth of 10-12 per cent in FY17. The company delivered net profit of $450.3 million in 2015/16.

Ramsay shares have dropped nearly nine per cent over the past week, amid a battering of healthcare stocks following a surprise profit warning from rival private hospitals operator Healthscope.