Netcare opts for interim dividend as Covid-19 abates

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Netcare opts for interim dividend as Covid-19 abates
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The hospital operator declares a 20c payout for its half year to end-March, less than half of the 2019 amount

Netcare, SA’s third-most valuable hospital operator, has declared its first interim dividend in two years, with profits up almost a fifth as margins recover and Covid-19 recedes.

Group revenue rose 2.3% to R10.3bn to end-March, the hospital group reported on Monday, with profit rising 19.5% to R448m. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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