Primary profits surge by 50%

Profits have surged at Primary Health Care after cost cutting helped boost first-half profits to almost $70 million, the company has revealed.

Despite lower patient numbers, Primary made a net profit of $69.5 million in the six months to December 31, compared with $46.3 million in the previous corresponding period.

Managing director Dr Edmund Bateman (pictured) said the company was benefiting from operating efficiencies and cost cuts.

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