Private hospital group Life Healthcare announced on Thursday that it had reinstated dividends as it emerged from the worst effects of the coronavirus pandemic, but warned shareholders it was bracing for further waves of infection in the year ahead.

It will pay shareholders 25c a share for the year to September 30 after withholding dividends in 2020 to preserve cash in the face of the uncertainty created by the Covid-19 pandemic. It paid shareholders 53c a share in 2019...

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