(Reuters) -Australia’s Ramsay Health Care logged a huge drop in its annual results on Thursday, hurt by a poor performance at both its European division and British mental health service business, sending its shares to an over four-month low.
The Australian private hospital operator posted a net profit after tax of A$24 million ($15.60 million) for the year ended June 30, compared with A$888.7 million reported a year ago.
Shares of the firm have fallen as much as 15.7% to A$32.1 as of 0130 GMT, hitting their worst level since April 14.
($1 = 1.5389 Australian dollars)
(Reporting by Rajasik Mukherjee; Editing by Alan Barona)
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