Business
Annual Financial Report
Annual Financial Report.
About this update from One Health Group Plc
[{"type":"text","content":"\n\n24 June 2024\n \nOne Health Group plc\n \n(\"One Health\" or \"OHG\" or the \"Company\")\n \nResults for the year to 31 March 2024\n \nNotice of Annual General Meeting\n \nand\n \nDividend Timetable\n \nOne Health Group plc (AQSE: OHGR), the independent provider of free, high quality NHS care for patients referred through 'Patient Choice' for treatment in Orthopaedics, Spine, General Surgery and Gynaecology, is pleased to announce its audited results for the year ended 31 March 2024.\n \nFinancial Highlights\n· Turnover of £23.3m (2023: £20.5m) an increase of 14%\n· Underlying operating profit £1.62m (2023: £1.53m) an increase of 6%\n· Underlying earnings per share of 10.22p (2023: 11.3p), reflecting the increase in the rate of corporation tax to 25% (2023:19%)\n· Cash at bank at year end of £4.7m (2022: £3.3m) an increase of 42%, providing substantial resources for continued investment in growth and underpinning the Group's dividend policy.\n· Final dividend proposed of 4.07p per share, in line with the Board's stated dividend policy\n· Total dividend paid in respect of the financial year of 6.10p per share, with dividend cover of 1.8 times.\n· The Annual Report and Financial Statements 2024 can be viewed here: www.onehealth.co.uk/news/the-companys-annual-report-and-financial-statements-2024\n \n \nStrategic Highlights: Surgical Hubs\n· In line with our strategy, the Board in pleased to have identified a site for the first One Health surgical hub which will deliver additional 'owned' operating capacity within the original timescales.\n· Further locations are being explored for more capacity to come on stream, subject to planning, and One Health continues to identify additional operating capacity in the independent sector to help deliver on Government Waiting List reduction targets.\n \nOperational Highlights\n· 13% increase in new NHS patient referrals to 13,266, a new record.\n· 6,169 surgical procedures undertaken, an increase of 7% on last year.\n· Strong surgical pipeline into 2025 generated by the record new patient numbers.\n· Transfe...