Netcare’s profit jumps as it expects higher paid patient days in 2023

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The bottom line of the private hospital operator rose 38.2% in its 2022 year after its results were hampered by the pandemic the past two years

Private hospital operator Netcare saw a jump in profits in its 2022 year and is forecasting higher revenue and total patients days for its 2023 year as the Covid-19 pandemic fades.

The profit of the company, valued at R20.19bn on the JSE, surged 38.2% to R1.05bn and operating profit rose 9.9% to R2.28bn for the year to end-September after its results were hampered by the pandemic the past two years...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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