Netcare flags second-wave hit as costs of Covid-19 persist
Operating profit fell more than a third in the group’s first half ending March
22 April 2021 - 09:11Karl GernetzkyNetcare, SA’s third-largest private hospital operator by market value, says a more severe second wave of Covid-19 has weighed on its first-half performance, though it is encouraged by a pickup in patient activity and is better adapted to handling the pandemic.
Revenue is expected to fall by at least 5.5% in the six months to end-March from the prior year, Netcare said in a trading update on Thursday, as SA grappled with a spike in infections that prompted more hospital admissions than during the first wave...
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