Netcare says profit steadily improving despite third wave

The group says it has got better at managing the strain of the influx of Covid-19 patients, even though each wave has proved worse than the last 🔒

2021-10-22 06:43:00 PM

The group says it has got better at managing the strain of the influx of Covid-19 patients, even though each wave has proved worse than the last 🔒

Hospital group says it has got better at managing the strain of the influx of Covid-19 patients, even as each wave of the virus has been more severe

22 October 2021 - 13:25Netcare, SA’s third-largest private hospital operator by market value, says its adaptation to Covid-19 conditions have provided for a steady improvement in its profits, even as it dealt with a third wave of the pandemic, SA’s most severe to date.

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Netcare, whose focus is almost entirely on SA, said in a trading update it expects core profit to rise as much as 26%, about R665m, in its year to end-September. But it warned shareholders that, while now more flexible, it remains concerned about new variants of the virus, and the slow pace of vaccination in SA...

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