Earnings bump for Netcare as patients return to hospitals

The original article can be found here.

Article highlights:

  • Private hospital group Netcare says its earnings for the six months ended 31 March 2022, increased between 8.5% and 9%.
  • Although the emergence of the more contagious Omicron variant had an impact on the December 2021 and January 2022 occupancy rates, Netcare still experienced a 70% decline in Covid-19 patient days, compared to the six months ended 31 March 2022.
  • Netcare incurred R112 million in operational costs for strategic projects, while its profit margins increased to 16.8% from the 15.8% in the first half of 2021.