The Sonic Healthcare Limited (ASX: SHL) share price gained 4% last week.
That compares to a loss of 2% on the S&P/ASX 200 Index (ASX: XJO).
The ASX 200 healthcare share will be closely watched tomorrow, when the company releases its results for the financial year ending 30 June 2021.
With that in mind, we take a look back to see how Sonic Healthcare's shares responded following last year's results.
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What did Sonic report for FY20?
On 20 August 2020, The Motley Fool reported that Sonic Healthcare's share price hit a record "after its profit results allayed a key concern of its critics".
Here are some of the key numbers that Sonic released for FY20:
- Group revenue increased 11% to $6.86 billion
- Underlying net profit increased 7% to $552 million
- Operating cash flow increased 26% to $1 billion
- Final dividend declared of 51 cents per share; total FY20 dividend increased 1.2% year-on-year
The company defied naysayers who'd been concerned that one of its core revenue drivers – routine screening and diagnostics – would be hobbled by the pandemic as people delayed visiting medical facilities for regular checkups.
While that segment of the company's business did take a hit, a surge in coronavirus testing managed to help deliver the 11% boost to revenue.
How has Sonic Healthcare's share price performed since then?
Since market open on the day after it deliver its FY20 results, Sonic has gained 24%. By comparison the ASX 200 is up 22% in that same time.
Year-to-date the Sonic Healthcare share price has surged 31% in 2021.
