Sonic Healthcare’s Friday Bounce Didn’t Save the Week. Tuesday Is the Test
Sonic Healthcare shares closed at A$19.34 Friday, up 1.46%, but remain 0.92% below their May 29 close. The ASX is shut Monday for King’s Birthday, leaving investors without a local price update. Sonic’s half-year revenue rose 17% to A$5.445 billion, with net profit up 11%. The company targets June completion of a Brisbane lab sale-and-leaseback, aiming to raise up to A$500 million.
