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Private hospital group Netcare on Thursday flagged a drop of as much as 20% in earnings per share in the half year, blaming in part new accounting rules on how its treats its leases.

Netcare, which competes with Life Healthcare and Mediclinic  International, said adjusted headline earnings per share (EPS) would likely be in the range of 67.4c and 75.9c, or 20% lower than the 84.3c it reported in the first half of 2019. ..

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