Life Healthcare holds on to dividend as Covid-19 hits profit
Pandemic has cost it R264m in foregone revenue during its six months to end-March
11 May 2020 - 09:06
Private hospital group Life Healthcare is cutting capital expenditure and holding on to its interim dividend, saying the Covid-19 pandemic cost it R264m in foregone revenue during its half year to end-March.
As patients shy away from hospitals the group is bracing for an additional hit to earnings, opting to hold on to cash, after paying about R590m in dividends in its 2019 half year...
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