Netcare says profit is steadily improving despite the third wave
Hospital group has got better at managing the influx of Covid-19 patients, even as each wave has been more severe
Netcare, SA’s third-largest private hospital operator by market value, says its adaptation to Covid-19 conditions has 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.
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...