Healius flags underlying profit to hit "low end" of guidance, looks for new CFO

Healius meets the bottom end of analysts' expectations.

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The Healius Ltd (ASX: HLS) share price is up 2.4% today after the former Primary Health Care told investors it expected net underlying profit after tax for FY 2019 to come in at the "lower end" of previous guidance between $93 million to $98 million. 

According to the company this is in line with market consensus and it spruiked second half performance as being stronger than the first half with "positive lead indicators within the Medical Centres division". It declined to go as far as to provide guidance for FY 20 though.

Healius also flagged its CFO will leave the business after it hands in its FY 19 results this August, with the CEO of its pathology division following him out the door after 25 years' service. As yet it does not have replacements lined up. 

The stock is down around 12% over the past year to $2.94 this lunchtime. 

Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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