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Ageing population aids Ramsay profit

Ramsay Health Care has reported a net profit of $138.4 million, a 10.1 per cent increase from the previous corresponding period, as it extended its chief executive Christopher Rex's contract for three years.

Australia's largest private hospital owner and operator declared a fully franked interim dividend of 29 cents per share.

Shares were up 4.3 per cent to $31.89 in early trade.

"The 2013 half-year results reflect a solid performance in all our divisions across the world," Mr Rex said, adding that healthcare demand would increase with the ageing demographic.

"Our investment in capacity expansions over several years means we are well placed to meet this demand."

The company also reported a 5.2 per cent increase in revenue to $2.07 billion for the first-half of the 2012-13 financial year.