NETCARE:  2,521   0 (0.00%)  13/11/2018 00:00

South Africa's Netcare flags lower EBITDA margin, shares tumble

JOHANNESBURG, Sept 27 (Reuters) - Netcare, South Africa's second-largest private hospital operator, said on Thursday that it expected its full-year EBITDA margins to decline by between 30 and 50 basis points from the previous year, sending its shares to a seven-month low.

The prior year's earnings before interest, tax, depreciation and amortisation (EBITDA) margin was 21.1 percent, it said in a statement, citing difficult trading conditions in the second half of the year.

Netcare's shares tumbled as much as 13 percent, a level last seen in mid-February. (Reporting by Nqobile Dludla Editing by Alexander Winning)

2018-09-27 15:23:39

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