sydneyramsay health care reported a 12 fall in firstquarter net profit but said activity levels have improved in all the regions where it operates private hospitals ramsay reported an unaudited net profit of 574 million australian dollars us38 million in the three months through september down from a581 million a year ago quarterly earnings before interest tax depreciation and amortization fell by 23 to a4106 million but revenue rose by 67 to a345 billion ramsay said its profit had progressively improved during the quarter as the impact of covid19 lessened in the uk and australia it estimated the total covid impact in its fiscal first quarter to be a644 million in europe the companys ramsay sante venture reported a 164 drop in quarterly ebitda which reflected lower covidrelated government revenue inflationary pressures and higher labor costs due to staff shortages ramsay is focused on negotiating improved terms with payors to reflect higher staffing costs related to labour shortages and inflationary pressures more generally the company said in a regulatory filing on friday the company finalized satisfactory new agreements with a number of private payors over the quarter