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Stewardship

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)

Whilst EBITDA increased by $1.3 million to $115.9 million, this was a disappointing result which emphasised the difficulties of achieving strong financial performance at public hospitals, the time it takes to get greenfield hospitals fully functioning in all their aspects, and the downturn in the private hospital sector in terms of activity and revenue growth.