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- Pacific Smiles Group (PSQ) provides update on its performance for the financial year to date, reporting declines due to COVID-19
- The company reported a 9 per cent decline from the previous year in patient fees to $145.1 million
- The declines have been attributed to COVID-19 infection numbers, which have impacted patients attendance in its centres
- Over the past week the company has had several centres across New South Wales and Queensland impacted by the floods, most of which have now reopened
- Shares closed 0.92 per cent higher today at $2.20 each
Pacific Smiles Group (PSQ) has provided an update on its performance for the financial year to date, reporting declines due to COVID-19.
The company reported a 9 per cent decline from the previous year in patient fees to $145.1 million. It also saw a year on year decline of 13.1 per cent in same centre patient fee.
Total patient fees over January and February were 5.2 per cent lower than the prior year. However, PSQ said February outperformed January.
The declines have been attributed to COVID-19 infection numbers, which have impacted patients attendance in its centres.
Over the past week the company has had several centres across New South Wales and Queensland impacted by the floods.
All have now reopened and are in operation except for Lismore.
The company remains on track to open between 15 and 20 new centres this financial year.
With Chatswood opening last month and Craigieburn set to open this month, the total number of centres will reach 121.
The company will continue to provide performance updates each month in order to be transparent with COVID-19 disruptions.
Shares closed 0.92 per cent higher today at $2.20 each.
