Mediclinic says profit margins have not fully recovered, but it is eyeing a better 2023
Revenue in the hospital operator’s year to end-March was 4.8% higher than its largely pandemic-free 2020 year
14 April 2022 - 08:54
UPDATED 14 April 2022 - 10:34
Private hospital operator Mediclinic, SA’s largest by market value, says it is encouraged by a return in activity as the disruptive effects of Covid-19 wanes, but profit margins have not yet fully recovered to pre-pandemic levels.
Mediclinic, which operates in SA, the Middle East and Switzerland, said on Thursday that group revenue rose 7.8% to £3.23bn (R61.7bn) in its year to end-March, 4.8% higher than its 2020 year, which was largely free of the virus...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.