Investors with cash may want to consider some ASX shares that have longer-term growth potential.
The below two businesses have grown considerably over the last two years, but they may have more growth potential over the coming years:
Sonic is a large, global business that’s involved in pathology, diagnostic imaging and radiology as well as general practice medicine and corporate medical services.
In the first half of FY21, it saw elevated revenue growth of 33% to $4.4 billion. Profit measures grew even faster. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 89% to $1.3 billion and net profit increased 166% to $678 million. This profit growth occurred thanks to the operating leverage of using existing facilities.