2 Woolworths agency in hiding after disastrous ...
3 One in three rich people
Japara Healthcare chief executive Andrew Sudholz says the newly listed aged care operator is on track to meet its key prospectus earnings target for the full year because it has maintained a high level of occupancy and controlled costs.
and private companies ... 22
4 India's rise: the chart that will have China ...
After listing last April with an offer price of $2.00, Japara got a major shock when the forprofit sector's payroll tax supplement was slashed in last year's budget. Mr Sudholz said given the measure would strip $4 million from pre-tax earnings for 2014-15, Japara has "performed brilliantly well in reorganising ourselves to ensure we have been able to meet our prospectus targets." Japara said it was on track to deliver EBITDA of $50.3 million for 2014-15. The company said its half year net profit after tax came in at $15.8 million for the last six months of 2014, but did not give an equivalent amount from the prior year for comparison.
Fairfax Media Network
SUBSCRIBE
1 Gravity Payments Read later
Print
Newsletters
Most popular
Jessica Gardner
Email article
Dating
Search here...
Japara Healthcare delivers half year profit of $15.8m, on track for prospectus targets
0
Jobs
TODAY'S PAPER
Business
Share Tweet
Cars
21
5 Virgin to offer free food and checked baggage ... 43
Most Searched Shares 1. CBA - COMMONWEALTH BANK OF AUSTRALIA.. 2. BHP - BHP BILLITON LIMITED. 3. FMG - FORTESCUE METALS GROUP LTD. Japara Healthcare chief executive Andrew Sudholz. Photo: Arsineh Houspian
On a pro forma basis revenue rose 13.8 per cent to $137.5 million, from $120.8 million in the prior year. Mr Sudholz said the revenue growth was mostly driven by an increase in the funding the company receives from the government because of the proportion of residents who have higher acuity. This means they are older, more frail and often suffer from chronic conditions, which drives up the cost of care. Japara's average daily funding per resident, known as the Aged Care Funding Instrument [ACFI] rate, was $177.16 in Decmeber, up from $167.41 in July 2014. Mr Sudholz said the average occupancy rate across Japara's 39 facilities had remained stable at about 94.5 per cent throughout the half. Japara shares had gained 7.3 per cent or 18c to $2.64 at 1:22pm. The stock has rallied strongly from an all-time low of $1.835 hit in January. The board declared an interim dividend of 5.5c a share to be paid on April 30. The company said it expects the total dividend for 2014-15 will be in excess of 10.5c a share.
4. TLS - TELSTRA CORPORATION LIMITED.. 5. IAG - INSURANCE AUSTRALIA GROUP LIMITED.
Enter company name or ASX code
Featured advertisers
Today's Home Loans Heritage Bank
comparison rate
State Custodians
comparison rate
Bankwest
comparison rate
Discount Variable Home Loan - Special Rate Offer
Breathe Easy
Online Home Loan
Ex ecutiv e Sty le
4.35% 4.38% 4.64%
Professionelles Franchise Sie haben 30.000 € Eigenkapital: Wir haben über 25 Jahre Erfahrung!
Ads by Google
The safety scheme cyclists aren't buying MICHAEL O'REILLY 8:11AM It's billed as "saving cyclists' skin", so why are some so sceptical?
Current jobs Business Analyst (Seni... $168,000 - $192,000 Sydney CBD, Sydney View Job
IT Infrastructure Mana... $150,000 Sydney CBD, Sydney View Job
Thailand criminalises 'underboob' selfies with 5-year…
Guess What Happened The Last Time The U.S. Dollar…
Life & Style
TalkMarkets
Jailed Australian businessman Matthew Ng loses wife…
Greece Is Not The Only Country Facing Severe Economic…
National
TalkMarkets
One in three rich people and private companies…
To Get Rich, Tell Your Emotions to Shut Up
Business
OZY
Canva passes 2 million milestone as momentum builds
Red Alert: The World's Economy Is on Fire OZY
entrepreneurs
Why Tesla gave away all its patents
5 Things We Didn’t Know About Leighton Meester
tech & gadgets
Jimmy Choo on People StyleWatch Recommended by
Share Tweet Email article
0
Print
T e ile n
0
Share
submit to reddit
Reprints & permissions
Business
Business
Speeding up the claims process
Essential Baby
Speeding up the claims process
35 times kids were the worst
Holiday Rentals
Over 40,000 amazing holiday homes across Australia
Essential Kids
Strong is the new Pretty
kids.com.au Flash car tax facts Super cheap start-ups Ask our small biz experts
Super cheap start-ups Flash car tax facts Share prices on your iPhone
Ovulation calculator Baby names Due Date Calculator
Sydney holiday homes Melbourne holiday homes Gold Coast holiday homes
Lunchbox ideas & recipes Free kids' activities and worksheets Family recipe finder
Compare and Save Best Deals
Mobile
Broadband
Home Loans
Credit Cards
Low Rate Cards
Rewards Cards
Savings Accts
Money Deals
Loans
Check out today's best deals Low Home Loan Rate
20,000 Bonus Points
60,000 Bonus Points
Samsung GALAXY S6
All Carriers Compared
Apply online and get a decision in
0% p.a on purchases & balance
Plus 0% on balance transfers for
Beautiful new Samsung GALAXY
Compare deals on GALAXY S6
Readers' most viewed
wed articles on The Sydney Morning Herald Top 5 Business articles
Top 5 Business articles
1. Gravity Payments founder Dan Price cuts his salary from $US1m to $US70k, doubles staff wages 2. Stop rich from using negative gearing to offset wages, save $1b: ACOSS 3. Woolworths agency in hiding after disastrous Anzac advertising campaign 4. need2know: Strong start on cards 5. Virgin to offer free food and checked baggage across domestic network
Top 5 Business articles
1. Stop rich from using negative gearing to offset wages, save $1b: ACOSS 2. ANZ Bank's Mike Smith says we are obsessed with iron ore 3. Fortescue Metals roster changes could cost more than 700 Pilbara jobs 4. Virgin to offer free food and checked baggage across domestic network 5. Woolworths agency in hiding after disastrous Anzac advertising campaign
Top 5 Business articles
1. Gravity Payments founder Dan Price cuts his salary from $US1m to $US70k, doubles staff wages 2. One in three rich people and private companies targeted by ATO 3. Stop rich from using negative gearing to offset wages, save $1b: ACOSS 4. need2know: Strong start on cards 5. East West needs to be Victoria's last project debacle
Top 5 Business articles
1. Stop rich from using negative gearing to offset wages, save $1b: ACOSS 2. One in three rich people and private companies targeted by ATO 3. Gravity Payments founder Dan Price cuts his salary from $US1m to $US70k, doubles staff wages 4. Woolworths agency in hiding after disastrous Anzac advertising campaign 5. need2know: Strong start on cards
1. Gravity Payments founder Dan Price cuts his salary from $US1m to $US70k, doubles staff wages 2. Stop rich from using negative gearing to offset wages, save $1b: ACOSS 3. need2know: Strong start on cards 4. Woolworths agency in hiding after disastrous Anzac advertising campaign 5. Frozen berries maker Patties says no links between recalled fruit and Hep A
SMH Home NSW Politics World National Environment Business Digital Life Entertainment Life & Style Travel Cars Exec Style Sport Weather Sydney Morning Herald Sitemap About Us Contact Us Support Advertise with Us AM Today Last 8 days Text Version Site Accessibility Guide
Connect Mobile Site SMH for iPad Digital Edition RSS Facebook Twitter LinkedIn
Products & Services Subscribe Manage My Subscription My Benefits Good Food Guide SMH Shop Newsletters Cracka Wines
Our Sites
The Sydney Morning Herald
Our Partners
Buy & Sell
Cruises
The Age
Lawyers
Classifieds Place an Ad Accommodation Cars Dating Jobs Property Price Data Real Estate Buy and Sell Tributes Celebrations Special Reports
MyCareer
Credit Cards
Domain
Business
Drive
Mechanics
Fairfax Media Member Centre Conditions of Use Privacy Policy News Store Archive Photo Sales Purchase Front Pages Fairfax Syndication Fairfax Events Fairfax Careers Press Council