ReutersReuters

Australia's Sonic Healthcare slumps on profit forecast downgrade

** Shares of Sonic Healthcare SHL fall as much as 11.4% to A$23.580, set for worst day since March 20, 2020, if losses hold

** The healthcare provider says it expects FY24 EBITDA of A$1.6 bln ($1.07 bln), compared with previous forecast of A$1.7 bln-1.8 bln

** Expects to achieve EBITDA of A$1.70 bln-A$1.75 bln in FY2025

** Profit forecast lowered due to "inflationary pressures and currency exchange headwinds," says co

** Stock hits lowest level since April 14, 2020

** About 3.2 mln shares change hands, compared with the 30-day average volume of 1.3 mln

** SHL stock down 17.1% YTD, as of last close

($1 = 1.4981 Australian dollars)

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