Business In The News

Life Healthcare says half revenue seen up 16.5 – 18.5 percent

JOHANNESBURG, April 30 – Private hospital operator Life Healthcare said on Monday it expected its revenue for the six months ended 31 March 2018 to increase by between 16.5 and 18.5 percent over the comparable period in 2017.

It said this was largely due to the inclusion of Alliance Medical Group for the full six months while in the comparative period it was only included for 4.3 months.

Headline earnings per share were expected to increase by between 110 percent and 121 percent compared to the six months ended 31 March 2017, Life Healthcare said.

“Earnings in the current period have been positively impacted by the improved overall performance of the businesses, the inclusion of Alliance Medical for six months and the non-recurring impact of a number of once-off costs in the comparable period related to the Alliance Medical acquisition … and the impairment of the Scammed business in Poland of R142 million,” it said.

This improvement had been partially offset by the increase in the amortisation of intangibles related to the Alliance Medical business now being included for 6 months while the amortisation charge was only for 4.3 months in the comparable period.

– African News Agency (ANA)

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