Private hospital group Life Healthcare expects to take a profit hit from delays to surgeries that are planned in advance, saying on Monday the Covid-19 pandemic has already cost it R240m in foregone revenue during its half year to end-March.

The group also faces higher costs due to virus-containment efforts, saying it is holding on to its dividends in expectation the effect of the pandemic will worsen in its second half.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now