South Africa’s Life Healthcare to sell Poland operations

South Africa’s Life Healthcare said it expects earnings to rise more than 20% for the first half of 2020, over the same period last year, and was considering plans to exit its Polish operations – Scanmed – after taking an 125 million rand impairment charge in the year.

The private hospital operator said it expects headline earnings per share for the six months ending March 31, 2020 to increase by a minimum of 5.4 cents per share to at least 32.3 cents per share.

However, the company said normalised earnings before interest, tax, depreciation and amortization (EBITDA) rose to 5.73 billion rand for year ended Sept. 30 ($388.33 million) from 5.54 billion rand last year.

Revenue for the year grew 9.3% to 25.67 billion rand, chiefly helped by growth in PET-CT scan volumes in the UK.

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