Oceania Healthcare’s Profits and Assets Surge

Oceania Healthcare Ltd. (AU:OCA) has released an update.

Oceania Healthcare Ltd. reported a robust financial performance with Total Comprehensive Income and Net Profit after Tax more than doubling to $70.5m and $31.5m respectively for the year ended 31 March 2024. The company’s total assets grew to $2.8 billion, bolstered by development across its sites and land acquisitions. Despite this growth, Oceania chose to reinvest earnings into further expansion and portfolio enhancement, opting not to pay a final dividend.

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