Netcare says profits steadily improving, in spite of more severe 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 01:33:00 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 🔒

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

Karl GernetzkyNetcare, 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 warned shareholders while it now more flexible, it remains concerned about new variants of the virus, and the slow pace of vaccinations in SA...

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